There is a newer version
of
this Section
2020 Georgia Code
Title 8 - Buildings and Housing
Chapter 2 - Standards and Requirements for Construction, and Alteration, of Buildings and Other Structures
Article 1 - Buildings Generally
Part 2A - Resolution of Construction Defects
§ 8-2-40. Effect of Claimant's Acceptance of Settlement; Subrogation of Insurance
Universal Citation: GA Code § 8-2-40 (2020)
- If a claimant accepts an offer made in compliance with this part and the contractor fulfills the offer in compliance with this part:
- The claimant shall thereafter be barred from bringing an action for the claim described in the notice of claim; and
- A contractor's performance of repairs or payment of money to a claimant made pursuant to this Code section shall not, by itself, create insurance coverage or otherwise affect the mutual rights and obligations of the parties under a contractor's liability insurance policy or, by itself, be considered a voluntary payment of an otherwise valid insured loss.
- An insurer paying a claim under this part shall be subrogated to the rights of the claimant to whom the amounts were paid against the person causing the construction defect, damages, or other reason for payment to the extent that claim payments were made, except that the insurer shall be required to pay any applicable part of costs, expenses, and attorneys' fees incurred in connection therewith.
(Code 1981, §8-2-40, enacted by Ga. L. 2004, p. 500, § 1; Ga. L. 2005, p. 499, § 1/HB 307; Ga. L. 2006, p. 548, § 1/SB 573.)
Editor's notes.- Ga. L. 2006, p. 548, § 3(c)/SB 573, not codified by the General Assembly, provides that the amendment to this Code section shall only apply with respect to causes of action or claims arising on or after April 28, 2006, and any prior causes of action or claims shall continue to be governed by prior law.
Disclaimer: These codes may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
