Ga. Comp. R. & Regs. 120-2-102-.04

Current through Rules and Regulations filed through June 17, 2024
Rule 120-2-102-.04 - Guaranteed Asset Protection Insurance Requirements

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.

Ga. Comp. R. & Regs. R. 120-2-102-.04

O.C.G.A. Sec. 33-2-9 and O.C.G.A. Chapter 33-63.

Original Rule entitled "Guaranteed Asset Protection Insurance Requirements" adopted. F. Apr. 17, 2013; eff. May 7, 2013.