State RegulationsGA specificDifficulty 2/5
Under O.C.G.A. § 33-25-5(a), an individual Georgia life policy may exclude death resulting from which of the following?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under O.C.G.A. § 33-25-5(a), an individual Georgia life policy may exclude death resulting from war, declared or undeclared, and the statute also permits exclusions for aviation, a named hazardous occupation, and residence outside the continental United States and Canada. These are the statutory exceptions to the general rule that life insurance follows the life.
Why the other options are wrong
- A) There is no blanket exclusion for early-diagnosed illness; misstatement issues are governed by incontestability under O.C.G.A. § 33-25-3.
- C) The suicide exclusion may cover only the first two years under O.C.G.A. § 33-25-5 — it cannot run for three years.
- D) The permitted residence exclusion covers residence outside the continental U.S. and Canada, not merely being outside the insured's home state.
Memory hook
War, wings, work, and where you live.