05 LC 28
2376
Senate
Bill 326
By: Senators Jones of the 10th, Stoner of the 6th, Butler of the 55th, Adelman of the 42nd, Miles of the 43rd and others
By: Senators Jones of the 10th, Stoner of the 6th, Butler of the 55th, Adelman of the 42nd, Miles of the 43rd and others
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Chapter 24 of Title 33 of the Official Code of Georgia Annotated, relating
to insurance generally, so as to provide that all policies of life insurance
issued in this state shall provide for the payment of a minimum burial benefit
which shall be paid directly to the funeral home or funeral director that
handled the burial or cremation of the insured; to provide for related matters;
to repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Chapter
24 of Title 33 of the Official Code of Georgia Annotated, relating to insurance
generally, is amended by adding a new Code Section 33_24_6.2 to read as
follows:
"33_24_6.2.
All
policies or contracts of life insurance issued, delivered, or issued for
delivery in this state on and after July 1, 2005, shall provide for the payment
of a minimum cremation benefit in the amount of $500.00 and a minimum burial
benefit of $1,500.00 which shall be paid directly to the funeral home or funeral
director that handled the burial or cremation of the insured. Such benefit
shall be paid prior to the distribution of any funds from such policy or
contract of life insurance to any beneficiary of such policy or
contract."
SECTION
2.
All
laws and parts of laws in conflict with this Act are repealed.