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Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 7. KINDS OF INSURANCE; LIMITS OF RISKS; REINSURANCE

33-7-7. Surety insurance.

Active

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

  1. Surety insurance includes:

  2. (1)

    Fidelity insurance, which is insurance guaranteeing the fidelity of persons holding positions of public or private trust;#

  3. (2)

    Insurance guaranteeing the performance of contracts other than insurance policies and guaranteeing and executing bonds, undertakings, and contracts of suretyship; and#

  4. (3)

    Insurance indemnifying banks, bankers, brokers, or financial or moneyed corporations or associations against loss resulting from any cause of bills of exchange, notes, bonds, securities, evidences of debt, deeds, mortgages, warehouse receipts or other valuable papers, documents, money, precious metals and articles made from such metals, jewelry, watches, necklaces, bracelets, gems, precious and semiprecious stones, including any loss while the same are being transported in armored motor vehicles or by messenger but not including any other risks of transportation or navigation; also insurance against loss or damage to such an insured’s premises or to his furnishings, fixtures, equipment, safes, and vaults in such an insured’s premises caused by burglary, robbery, theft, vandalism, or malicious mischief or any attempt at burglary, robbery, theft, vandalism, or malicious mischief.#

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 1933, § 56-409, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1982, p. 3, § 33.

Cross references

Suretyship, T. 10, C. 7.

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-ch1-22-(v24)-2020-pdf.pdf, Volume V24, 2020 edition, pages 288 to 289; merge action: carried; file SHA-256 4ecec175d949.