No vehicle protection product shall be sold or offered for sale in this state unless the vehicle protection product warrantor is insured under warranty insurance policy meeting the following conditions in order to ensure adequate performance under the warranty:
No other financial security requirements or financial standards for warrantors shall be required.
History. Code 1981, § 33-34A-5 , enacted by Ga. L. 2003, p. 644, § 1.
Structure Georgia Code
Chapter 34A - Vehicle Protection Product Warranties
§ 33-34A-3. Compliance With Chapter; Vehicle Manufacturers Not Required to Comply
§ 33-34A-5. Required Warranty Reimbursement Insurance Policy
§ 33-34A-6. Conditions for Warranty Reimbursement Insurance Policies
§ 33-34A-7. Required Statements in Warranty; Required Information to Be Provided to Purchaser
§ 33-34A-8. Cancellation of Vehicle Protection Product; Written Notice of Cancellation
§ 33-34A-10. Required Records; Period of Retention; Examination by Commissioner