07 LC 28
3491
House
Bill 592
By:
Representatives Golick of the
34th
and Knox of the
24th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Chapter 7 of Title 33 of the Official Code of Georgia Annotated, relating
to kinds of insurance, so as to provide that uninsured motorist coverage applies
only to automobile liability policies and motor vehicle liability policies; to
specifically exclude umbrella and excess liability policies; to provide for
related matters; to provide an effective date; 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 (3) of subsection (a) of Code
Section 33-7-11, relating to uninsured motorist coverage under motor vehicle
liability policies, as follows:
"(3)
The coverage required under paragraph (1) of this subsection shall not be
applicable where any insured named in the policy shall reject the coverage in
writing. The
coverage required under paragraph (1) of this subsection shall only apply to
automobile liability policies and motor vehicle liability policies and shall not
apply to umbrella or excess liability
policies. The coverage need not be
provided in or supplemental to a renewal policy where the named insured had
rejected the coverage in connection with a policy previously issued to said
insured by the same insurer. The amount of coverage need not be increased in a
renewal policy from the amount shown on the declarations page for coverage
existing prior to July 1, 2001. The amount of coverage need not be increased
from the amounts shown on the declarations page on renewal once coverage is
issued."
SECTION
2.
This
Act shall become effective upon its approval by the Governor or upon its
becoming law without such approval.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.