Legislation - SB0463

Title: Real Property - Condominiums - Responsibility for Property Insurance Deductibles
Sponsored by: Senator King
Status: In the Senate - First Reading Judicial Proceedings
Analysis

Synopsis

Increasing, from $10,000 to $20,000, the maximum amount of the council of unit owners' property insurance deductible for which a unit owner is responsible; and applying the Act to all policies of property and casualty insurance issued, delivered, or renewed in the State to a condominium council of unit owners.

Committees

Original:: Judicial Proceedings

Details

Cross-filed with: HB0636

Bill File Type: Regular

Effective Date(s): October 1, 2025

History

Legislation History
Chamber Senate Calendar Date 1/21/2025 Legislative Date 1/21/2025 Action First Reading Judicial Proceedings Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Real Property - Condominiums - Responsibility for Property Insurance Deductibles Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/21/2025	1/21/2025	First Reading Judicial Proceedings
			Text - First - Real Property - Condominiums - Responsibility for Property Insurance Deductibles

File Code

Subjects

Statutes