O.C.G.A.

O.C.G.A. § 10-4-57 (2019)

Fire insurance on property owned by or in possession of commissioner

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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The commissioner shall insure against fire all buildings, machinery, or other property owned by the commissioner in the name of the state. The commissioner shall have insured all buildings or machinery leased, owned, or in his possession other than the state’s property when requested to do so by the owners thereof. Further, he shall effect fire insurance on cotton that may be insured in such warehouses when so requested by the owner or owners thereof in the name of the owner. All insurance obtained by the commissioner under this Code section shall be placed in fire insurance companies authorized by law to do business in this state, provided that the commissioner shall not act in any capacity for any insurance company or receive any compensation from any insurance company, insurance agent, broker, or any person representing any insurance company as aforesaid, by division of commission or otherwise, in connection with the placing of any insurance.

History

Ga. L. 1918, p. 246, § 23; Ga. L. 1920, p. 282, § 1; Code 1933, § 5-317.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. 78 Am. Jur. 2d, Warehouses, § 116 et seq.

C.J.S. 93 C.J.S., Warehousemen and Safe Depositaries, § 92.