All agricultural products stored for the producer in their raw or natural state, and cotton in any form stored for the producer, in storage in a warehouse under this article or deposited temporarily in such a warehouse pending storage shall be kept insured at full market value by the warehouseman against loss or damage by fire, lightning, and extended coverage, except that cotton shall be insured against loss or damage by fire and lightning only. Such insurance shall be carried in an insurance company or companies of the warehouseman’s choice authorized to do business in this state, and evidence of such insurance coverage in form to be approved by the Commissioner of Insurance shall be filed with the Commissioner of Agriculture. Such insurance shall be provided by, and carried in the name of, the warehouseman; provided, however, that a producer depositing or storing agricultural products who does not wish to have his products insured by the warehouseman may relieve the warehouseman of that duty by notifying the warehouseman in writing that he does not wish his agricultural products insured.
History. Ga. L. 1953, Nov.-Dec. Sess., p. 412, § 20; Ga. L. 1989, p. 14, § 10.
Cross references.
Placement of risk of loss of goods held by bailee, § 11-2-509 .
Structure Georgia Code
Article 1 - State Licensed and Bonded Warehouses
§ 10-4-3. State Warehouse Section Established; Supervisor of Section
§ 10-4-4. Exemptions From Article; Warehousemen Electing to Be Covered
§ 10-4-5. Powers and Duties of Commissioner; Annual Reports; Adoption of Rules and Regulations
§ 10-4-7. Uniform Application of Orders, Fees, Rules, and Regulations
§ 10-4-8. Existing Interstate Commerce Regulations Not Affected
§ 10-4-9. Judicial Review of Administrative Decision
§ 10-4-10. Annual License Required; Issuance by Commissioner; Application for License or Renewal
§ 10-4-11. License for Person Electing to Comply With Article and Regulations
§ 10-4-12. Bond Required; Additional Bond
§ 10-4-13. Bonded and Licensed Warehouse May Be Designated as State Bonded
§ 10-4-15. Inspections of Warehouses
§ 10-4-16. Inspectors and Examiners to Be Bonded
§ 10-4-18. Delivery to Warehouse Presumably for Storage
§ 10-4-20. Essential Terms of Warehouse Receipts; Liability for Omission
§ 10-4-21. Obligation of Warehouseman to Deliver; Effect of Loss or Damage
§ 10-4-22. Surrender and Cancellation of Warehouse Receipts on Delivery
§ 10-4-23. Records of Warehousemen
§ 10-4-24. Inspection of Records; Preservation of Records When License Terminated
§ 10-4-25. When Insurance on Stored Products Required
§ 10-4-27. Certified Public Weighers to Be Provided
§ 10-4-28. Scales to Be Provided; Examination; Disapproved Scales Not to Be Used
§ 10-4-32. Criminal Penalties for Violations; Immunity of Sureties
§ 10-4-33. Duty of Persons Accepting Warehouse Receipts to Take Adequate Measures Regarding Goods