08 SB518/AP
Senate
Bill 518
By:
Senator Rogers of the 21st
AS
PASSED
AN
ACT
To
amend Chapter 7 of Title 33 of the Official Code of Georgia Annotated, relating
to kinds of insurance, so as to include contracts, agreements, and instruments
for the removal of dents, dings, or creases in a motor vehicle without affecting
the existing paint finish using paintless dent repair techniques and the removal
of small windshield chips and cracks without replacement of the entire
windshield within the definition of property insurance in a manner similar to
vehicle service agreements or extended warranty agreements; to provide for
related matters; to repeal conflicting laws; and for other
purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Chapter
7 of Title 33 of the Official Code of Georgia Annotated, relating to kinds of
insurance, is amended by revising paragraph (1) of subsection (b) of Code
Section 33-7-6, relating to property insurance, as follows:
"(1)
Any contract, agreement, or instrument whereby a person assumes the risk of and
the expense or portion thereof for the mechanical breakdown or mechanical
failure of a motor vehicle, or for the removal of dents, dings, or creases in a
motor vehicle without affecting the existing paint finish using paintless dent
repair techniques or the removal of small windshield chips and cracks without
replacement of the entire windshield, and shall include those agreements
commonly known as vehicle service agreements or extended warranty agreements, if
made by a person other than the motor vehicle manufacturer in exchange for a
separately stated charge or the cost of the contract or contracts is included on
a nonidentifiable basis in the cost of a motor vehicle sold in conjunction
therewith, except that this provision shall not apply to an agreement
underwritten by an insurer licensed to transact insurance in this state, either
directly or through a reinsurance contract or, without regard to the requirement
that the insurance cannot be obtained from an insurer authorized to do business
in this state as required by Code Section 33-5-21, to an agreement underwritten
by a surplus lines insurer which has not been rejected by the Commissioner for
such purpose;".
SECTION
2.
All
laws and parts of laws in conflict with this Act are repealed.