Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-102 - GUARANTEED ASSET PROTECTION WAIVERS
Rule 120-2-102-.04 - Guaranteed Asset Protection Insurance Requirements
Universal Citation: GA Rules and Regs r 120-2-102-.04
Current through Rules and Regulations filed through September 23, 2024
A retail installment seller must insure its guaranteed asset protection waiver obligations under a contractual liability or other insurance policy issued by an insurer. However, retail installment sellers that are lessors on motor vehicles are not required to insure obligations related to guaranteed asset protection waivers on such leased vehicles.
O.C.G.A. Sec. 33-2-9 and O.C.G.A. Chapter 33-63.
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