Georgia HB1234: State Employees' Assurance Department; assignment of certain group term life insurance benefits to pay for funeral services of a deceased individual who was a member of certain retirement systems; provisions

What the bill says

From the introduced text:

DOAA Greg S. Griffin Georgia Department State Auditor of Audits & Accounts February 3, 2026 The Honorable Darlene Taylor State Representative State Capitol, Room 245-B Atlanta, GA 30334 SUBJECT: State Auditor's Certification House Bill (LC 52 0970) Dear Representative Taylor: This bill would amend provisions relating to the State Employees' Assurance Department (Department) and the assignment of certain group term life insurance benefits. If this legislation is enacted, persons who are the beneficiaries of group term life insurance for members of the Employees' Retirement System of Georgia, the Georgia Legislative Retirement System, or the Georgia Judicial Retirement System would be authorized to assign the life insurance benefits they are due to funeral directors or embalmers to pay the cost of funeral services. A beneficiary wishing to assign such life insurance benefits must provide the Department a notarized copy of the contract between the two parties along with the death certificate of the member. Upon receipt of such information, the Department would pay the amount due to the funeral director or embalmer in accordance with the contract, but only to the extent that such amounts are owed to the beneficiary who completed the assignment. This is to certify that this bill is a nonfiscal retirement bill as defined in the Public Retirement Systems Standards Law. Respectfully, Greg S. Griffin State Auditor …

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