33-34-9. Proceeds of insurance policy; limited access by insurers to records.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
Notwithstanding any other provision of law, in any claim involving a total loss of a vehicle which is subject to more than one lien, the proceeds of an insurance policy shall be applied to pay in full the debt owed to the senior lienholder before any proceeds of an insurance policy shall be applied to any other lien on the vehicle.#
(b)
For the purpose of implementing this Code section, at the discretion of the state revenue commissioner, an insurer may be granted access via electronic means to individual motor vehicle records. Any such access shall be in accordance with Code Section 40-3-23, and the Department of Revenue shall establish the application and approval process before allowing any such access. The information provided to an insurer pursuant to this Code section shall be limited to the verification of the vehicle owner’s name, vehicle information, and any recorded security interests or liens as shown on the records of the Department of Revenue.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 33-34-9, enacted by Ga. L. 2002, p. 848, § 1; Ga. L. 2005, p. 334, § 13-2/HB 501.

Cross references

Payment of proceeds of insurance policy where multiple liens on vehicle, § 40-3-61.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t33-ch23-65-(v25)-2020-pdf.pdf, Volume V25, 2020 edition, page 661; merge action: carried; file SHA-256 1cdfeaa4b73e.

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