Georgia · Official Code of Georgia Annotated — full code (public domain; via Open US Law, CC BY 4.0)

O.C.G.A. § 33-59-16: Insurance — O.C.G.A. § 33-59-16

Felony

What this law says, in plain English

Committing fraudulent life settlement acts constitutes insurance fraud, a felony punishable by 2–10 years imprisonment, a fine up to $10,000, or both. The Insurance Commissioner may also impose civil penalties up to $5,000 per violation.

Facing this? Know exactly what happens next.

MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.

This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.