HB 371 — Insurable interest; state entity; not fund life insurance on public officers or employees; provide
Senate Committee Favorably Reported By Substitute
A BILL to be entitled an Act to amend Code Section 33-24-3 of Title 50 of the Official Code of Georgia Annotated, relating to insurable interest in personal insurance, so as to provide that neither the state nor any political subdivision of the state shall have an insurable interest on the lives of public officers or employees; to provide that such entities shall not expend funds for life insurance on public officers or employees; to provide an exception; to provide an effective date, to repeal conflicting laws; and for other purposes.
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