The following terms are defined for purposes of this chapter and are not intended to provide actual terms required in guaranteed asset protection waivers:
History. Code 1981, § 33-63-3 , enacted by Ga. L. 2008, p. 1097, § 1/SB 470; Ga. L. 2014, p. 181, § 6/HB 610; Ga. L. 2022, p. 578, § 1-2/HB 733.
The 2022 amendment, effective July 1, 2022, in paragraph (6), substituted “agrees, with or without a separate charge,” for “agrees for a separate charge” twice in the first sentence and added the second sentence. See Editor’s notes for applicability.
Editor’s notes.
Ga. L. 2022, p. 578, § 3-1(b)/HB 733, not codified by the General Assembly, makes paragraph (6) applicable to all such policies and contracts issued, delivered, issued for delivery, or renewed on or after July 1, 2022.
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