O.C.G.A.

O.C.G.A. § 33-28-4 (2019)

Scope of incontestable clause

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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A clause in any annuity contract providing that the contract shall be incontestable after a specified period shall preclude only a contest of the validity of the contract and shall not preclude the assertion at any time of defenses based upon provisions in the contract which exclude or restrict coverage, whether or not the restrictions or exclusions are excepted in the clause.

History

Code 1933, § 56-2604, enacted by Ga. L. 1960, p. 289, § 1.

Annotations

RESEARCH REFERENCES ALR. - Grounds for cancellation or rescission of annuity agreement, or for

recovery back of property conveyed, or money paid, thereunder, 131 A.L.R. 424.