As a prerequisite to the issuance of a license under this part, each applicant shall furnish evidence to the Commissioner of Agriculture that he has in force a standard fire and extended coverage insurance policy for the full market value of the tobacco in his sales warehouse for the marketing season for which the license is sought. The insurance policy shall be written by an insurance company, of the warehouseman’s choice, authorized to transact business in this state, and such insurance coverage shall be approved in form by the Commissioner of Insurance, and a copy of the insurance policy shall be filed with the Commissioner of Agriculture. The policy shall cover both first-hand and resale tobacco. The insurance policy shall contain an endorsement requiring notification to the Commissioner of Agriculture by the insurance company of its intention to cancel the policy at least ten days prior to cancellation.
History. Ga. L. 1960, p. 214, § 3; Ga. L. 1970, p. 222, § 1; Ga. L. 1989, p. 14, § 10.
Structure Georgia Code
Article 3 - Tobacco Warehousing
Part 1 - Leaf Tobacco Sales and Storage
§ 10-4-100. Legislative Intent and Findings
§ 10-4-101. Licenses for Flue-Cured Leaf Tobacco Auction Sales; “Clean-Up” Sale Licenses
§ 10-4-102. Physical Standards for Leaf Tobacco Warehouses; Compliance as Prerequisite for License
§ 10-4-103. Insurance as Prerequisite for License
§ 10-4-104. Allocating Sales Opportunities Among Licensed Warehouses
§ 10-4-105. Denial of Issuance or Suspension or Revocation of License
§ 10-4-106. Georgia Tobacco Marketing Act of 1995
§ 10-4-107. Warehousemen to Render Itemized Statements
§ 10-4-107.1. Tobacco Contract
§ 10-4-108. Records and Reports by Warehousemen
§ 10-4-109. Commissioner of Agriculture to Keep Sales Records; Publication
§ 10-4-112. Limitations on Sales Hours and Days of Warehouses
§ 10-4-113. Maximum Rate of Sales
§ 10-4-116. Inspection of Premises and Records
§ 10-4-117. Certified Public Weighers to Be Provided by Licensees
§ 10-4-117.1. Detention of Tobacco; Notice; Condemnation; Cost of Testing
§ 10-4-118. Enforcement of Part; Notice and Hearing in Revocation or Suspension Proceedings
§ 10-4-120. Enjoining Violations