Failure to use the insurance proceeds in accordance with a security agreement between you and a lienholder, if any, may be a violation of Code Section 16-8-4 of the O.C.G.A. If you have any questions, contact your lending institution.”
This subsection does not apply if the insurer does not prepare the loss estimate or if the estimate is not prepared in the State of Georgia.
History. Code 1933, § 56-407B, enacted by Ga. L. 1982, p. 802, § 1; Code 1981, § 33-7-11.1 , enacted by Ga. L. 1982, p. 802, § 2; Ga. L. 2002, p. 1192, § 1; Ga. L. 2003, p. 140, § 33; Ga. L. 2008, p. 828, § 1/HB 673.
Structure Georgia Code
Chapter 7 - Kinds of Insurance; Limits of Risks; Reinsurance
§ 33-7-1. Definitions of Insurance Not Deemed Mutually Exclusive
§ 33-7-2. Accident and Sickness Insurance
§ 33-7-5. Marine and Transportation Insurance
§ 33-7-6. Property Insurance; Contract Requirements; Rules and Regulations; Exemptions
§ 33-7-10. Persons Deemed Subject to Laws Regulating Life Insurance Companies
§ 33-7-11. Uninsured Motorist Coverage Under Motor Vehicle Liability Policies
§ 33-7-13. Limitation of Risks