GA HB1198

Expands Georgia's existing limited insurance license for portable electronics to include "consumer goods" defined as goods used primarily for personal, family, or household purposes

Broadens the definition of "portable electronics" from a specific list (cell phones, pagers, PDAs) to any movable equipment with electrical, digital, magnetic, wireless, optical, or electromagnetic capabilities that operates on batteries or rechargeable power sources

Allows retail vendors to obtain limited licenses to sell insurance covering loss, theft, mechanical failure, malfunction, or damage to portable electronics and consumer goods at point of sale

Requires vendors to provide written disclosures to customers stating insurance is not required for purchase, summarizing coverage terms, and explaining cancellation rights with refund of unearned premiums

Authorizes fines up to $500 per violation or $5,000 in aggregate for vendors who violate the provisions, with potential suspension of business locations or revocation of individual employee privileges