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Georgia Commons

Código Oficial de Georgia Anotado

Título 33. INSURANCE · Capítulo 63. GUARANTEED ASSET PROTECTION WAIVERS

33-63-2. Purpose; exemptions from applicability of chapter; guaranteed asset protection waivers exempt from state’s insurance laws.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (a)

    The purpose of this chapter is to provide a framework within which guaranteed asset protection waivers are defined and may be offered within this state.#

  2. (b)

    This chapter shall not apply to:#

    1. (1)

      An insurance policy offered by an insurer under the insurance laws of this state; or#

    2. (2)

      A debt cancellation or debt suspension contract being offered in compliance with 12 C.F.R. Part 37 or 12 C.F.R. Part 721 or other federal law.#

  3. (c)

    Guaranteed asset protection waivers governed under this chapter are not insurance and are exempt from the insurance laws of this state. Persons marketing, selling, or offering to sell guaranteed asset protection waivers to borrowers that comply with this chapter are exempt from this state’s insurance licensing requirements.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 33-63-2, enacted by Ga. L. 2008, p. 1097, § 1/SB 470.

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t33-ch23-65-(v25)-2020-pdf.pdf, Volumen V25, edición 2020, páginas 1081 a 1082; acción de fusión: carried; SHA-256 del archivo 1cdfeaa4b73e.