As a prerequisite to the issuance of a license under this part, each applicant shall furnish evidence to the Commissioner of Agriculture that there is in force an insurance policy against loss or damage by fire and such other perils as are commonly insured against under extended coverage provisions, for its full value, upon the best terms obtainable by individual or reporting form blanket policies on the carry-over tobacco to be received for storage or stored, or both, by him in the year for which the license is sought, either provided by the applicant or the actual storer of the tobacco. The insurance policy shall be written by an insurance company, of the applicant’s choice, authorized to transact business in this state or in the state where the tobacco is stored. Such insurance policy shall be effective for the entire storage period and shall be approved in form by the Commissioner of Insurance. A copy of the insurance policy shall be filed with the Commissioner of Agriculture.
History. Ga. L. 1975, p. 1263, § 3; Ga. L. 1989, p. 14, § 10.
Structure Georgia Code
Article 3 - Tobacco Warehousing
Part 2 - Carry-Over Leaf Tobacco Storage and Sale
§ 10-4-140. Legislative Intent and Findings
§ 10-4-142. Licenses for Carry-Over Tobacco Services
§ 10-4-143. Fire and Extended Coverage Insurance on Stored Tobacco
§ 10-4-144. Each Licensee to Be Bonded
§ 10-4-145. Maximum Charges and Expenses
§ 10-4-146. Licensees to Render Statements Upon Receipt of Tobacco
§ 10-4-147. Division of Money Received Above Contract Sales Price Plus Charges and Expenses
§ 10-4-148. Licensees’ Records and Reports
§ 10-4-149. Commissioner of Agriculture to Keep Storage and Sale Records; Publication
§ 10-4-150. Tender for Storage Not Deemed Sale; Sale Not Consummated Before Next Season
§ 10-4-151. Certified Public Weighers to Be Provided by Licensees
§ 10-4-152. Regulations and Physical Standards for Premises; Inspection of Premises
§ 10-4-153. Enforcement of Part; Revocation or Suspension of Licenses
§ 10-4-154. Enjoining Violations
§ 10-4-155. Penalty for Violating Part or Rules or Regulations