Passed BothConf. Cmte
- Condominiums - Responsibility for Property Insurance Deductibles
- Sponsored by
- Delegate Stein
- In the Senate - Hearing 3/20 at 12:00 p.m.
- Fiscal and Policy Note (Revised)
Altering, in the case of a council of unit owners' responsibility to repair or replace damage to certain portions of a condominium, the circumstances under which the council of unit owners' property insurance deductible is a common expense; increasing 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; etc.
Bill File Type: Regular
Effective Date(s): October 1, 2019
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Last Updated: 2/3/2020 2:29 PM