HB138 - Construction contracts; required insurance coverage; provisions
HB138 - Construction contracts; required insurance coverage; provisions
Sponsored by: Coan,Mike 101st
A BILL to be entitled an Act to amend Title 13 of the Official Code of Georgia Annotated, relating to contracts, so as to provide for the rejection of construction contracts when contractors, subcontractors, low tier subcontractors, or materialmen do not provide required insurance coverage; to provide for the definitions of certain terms; to prohibit an owner, contractor, or subcontractor from rejecting work completed, rejecting material supplied, or withholding payment due to lack of conforming insurance following acceptance of a policy or certificate of insurance; to provide certain exceptions; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.