GA HB1058

Amends Georgia Code Section 33-27-1 to create an exception allowing employers that are 501(c)(3) tax-exempt organizations to be designated as beneficiaries of employee group life insurance policies

Requires the insured employee to provide written designation for the 501(c)(3) employer to be named as beneficiary

Current law generally prohibits employers from being beneficiaries of employee group life insurance policies; this creates a narrow exception for qualifying nonprofits

Maintains all existing requirements for group life insurance policies, including minimum coverage of two employees and premium payment structures