The General Assembly finds that guaranteed asset protection waivers are not insurance. All guaranteed asset protection waivers issued on or after the date of enactment of this chapter shall not be construed as insurance.
History. Code 1981, § 33-63-1 , enacted by Ga. L. 2008, p. 1097, § 1/SB 470; Ga. L. 2019, p. 533, § 1-32/HB 99.
The 2019 amendment, effective July 1, 2019, inserted “on or” in the middle of the second sentence of this Code section.
Structure Georgia Code
Chapter 63 - Guaranteed Asset Protection Waivers
§ 33-63-1. Legislative Findings
§ 33-63-4. Offering, Selling, or Providing to Borrowers Guaranteed Asset Protection Waivers
§ 33-63-5. Contractual Liability or Other Insurance Policies
§ 33-63-6. Required Disclosures
§ 33-63-8. Exempted Commercial Transactions
§ 33-63-9. Commissioner to Enforce Provisions; Penalty for Violations