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VULCAN LIFE & ACCIDENT INSURANCE COMPANY v. UNITED BANKING COMPANY

43359.

118 Ga. App. 36 (1968)

162 S.E.2d 798

VULCAN LIFE & ACCIDENT INSURANCE COMPANY v. UNITED BANKING COMPANY.

Court of Appeals of Georgia.

Decided June 20, 1968.

Attorney(s) appearing for the Case

Maxwell A. Hines, for appellant.

Reinhardt, Ireland, Whitley & Sims, John S. Sims, Jr., for appellee.

WHITMAN, Judge.

1. "(1) Credit life insurance. The amount of credit life insurance shall not exceed the indebtedness." Code Ann. § 56-3304 (Ga. L. 1960, pp. 289, 744). "Credit life insurance .. . shall be issued only in the following forms: (1) Individual policies of life insurance issued to debtors on the term plan; . . . (3) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan." Code Ann...

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