Compilation of Rules and Regulations of the State of Georgia
Department 40 - RULES OF GEORGIA DEPARTMENT OF AGRICULTURE
Chapter 40-18 - LEAF TOBACCO SALES
Subject 40-18-3 - LICENSING LEAF TOBACCO STORAGE OPERATORS
Rule 40-18-3-.03 - Insurance

Universal Citation: GA Rules and Regs r 40-18-3-.03
Current through Rules and Regulations filed through March 20, 2024

As a prerequisite to the issuance of a license under this Act, each applicant shall furnish evidence to the Commissioner that there is in force an insurance policy against loss or damage by fire and such other perils as are commonly insured against under extended coverage provisions, for its full market value, upon the best terms obtainable by individual or reporting form blanket policies on the carry-over tobacco to be received for storage and/or stored by him in the year for which license is sought, either provided by the applicant or the actual storer of the tobacco. The insurance policy shall be written by an insurance company, of the applicants choice, authorized to transact business in this State or in the state where the tobacco is stored. Such insurance policy shall be effective for the entire storage period and shall be approved in form by the State Insurance Commissioner. A copy of the insurance policy shall be filed with the Director of Warehouse Division of the State Department of Agriculture.

Ga. L. 1975, Act No. 683 (H. B. 890), p. 1263.

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