Georgia Code
Article 4 - Financing the Fund
§ 47-7-61. Tax on Premiums Charged by Fire Insurance Companies for Certain Classes of Coverage; Exclusions; Penalty for Failure to Report and Pay Such Tax

History. Ga. L. 1955, p. 339, § 6; Ga. L. 1987, p. 1040, § 5; Ga. L. 1992, p. 1298, § 1; Ga. L. 1994, p. 703, § 3; Ga. L. 1997, p. 947, § 1; Ga. L. 1997, p. 1376, § 1; Ga. L. 1998, p. 126, § 1; Ga. L. 2000, p. 562, §§ 3, 4; Ga. L. 2002, p. 590, § 1; Ga. L. 2005, p. 54, § 2/HB 355; Ga. L. 2006, p. 120, § 3/HB 749; Ga. L. 2010, p. 438, §§ 3, 4/HB 1150; Ga. L. 2016, p. 434, § 1/HB 844.
The 2010 amendment, effective July 1, 2010, substituted “not less than class nine” for “class nine and those rated not less than class eight” near the end of the second sentence of paragraph (a)(3) and substituted “executive director” for “secretary-treasurer” near the end of the fourth sentence of paragraph (e)(2).
The 2016 amendment, effective July 1, 2016, in paragraph (a)(2), near the beginning, substituted “, and such property is rated less favorably than a class nine rating under standards set forth in the Fire Suppression Rating Schedule,” for “which are rated less favorably than a class nine rating under standards set forth in the Fire Suppression Rating Schedule, Section I, Public Fire Suppression, Edition 6-80, Copyright 1980,”, near the middle, substituted “utilizing similar ratings, and which standards are maintained on file with the Commissioner of Insurance and have” for “performing similar rating functions, which standards are maintained on file with the Commissioner of Insurance and which have”, and, in the last sentence, substituted “any exclusion of such tax” for “such exclusion”.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1987, the word “windstorm” was substituted for “wind storm” in the first sentence of paragraph (a)(1).