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Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 34A. VEHICLE PROTECTION PRODUCT WARRANTIES

33-34A-5. Required warranty reimbursement insurance policy.

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

  1. No vehicle protection product shall be sold or offered for sale in this state unless the vehicle protection product warrantor is insured under warranty insurance policy meeting the following conditions in order to ensure adequate performance under the warranty:

  2. (1)

    The warranty reimbursement insurance policy is issued by an insurer authorized to do business in this state and provides that the insurer will pay to, or on behalf of, the warrantor 100 percent of all sums that the warrantor is legally obligated to pay according to the warrantor’s contractual obligations under the warrantor’s vehicle protection product warranty;#

  3. (2)

    A true and correct copy of the warranty reimbursement insurance policy has been filed with the Commissioner by the warrantor; and#

  4. (3)

    The policy contains the provision required in Code Section 33-34A-6.#

  5. No other financial security requirements or financial standards for warrantors shall be required.

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, § 33-34A-5, enacted by Ga. L. 2003, p. 644, § 1.

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, pages 665 to 666; merge action: carried; file SHA-256 1cdfeaa4b73e.