HB 849 — Insurance; excess wear and use waivers shall not be construed as insurance; provide
Senate Read Second Time
A BILL to be entitled an Act to amend Chapter 63 of Title 33 of the Official Code of Georgia Annotated, relating to guaranteed asset protection waivers, so as to provide that excess wear and use waivers shall not be construed as insurance; to provide excess wear and use waivers exemption from insurance laws; to provide for definitions; to provide for the offer and sale of waivers to borrowers; to provide for changes to reimbursement to creditor, assignee coverage, and continuation of coverage; to provide for changes to written disclosure provisions; to provide for cancellation of agreement changes; to provide for cross-references; to provide for revisions to the authority of the Commissioner and penalties; to provide for related matters; to repeal conflicting laws; and for other purposes.
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