- Cooperative Housing Corporations – Property Insurance Deductibles – Member Responsibility
- Sponsored by
- Senator Kramer
- In the Senate - Hearing 2/02 at 2:00 p.m.
Requiring a member of a cooperative housing corporation to pay up to $10,000 of the corporation's property or liability insurance deductible if damage to a common element originated in the member's unit; requiring the governing body to inform each member annually of the member's responsibility regarding the insurance deductible and the amount; and applying the Act prospectively.
Bill File Type: Pre-Filed
Effective Date(s): October 1, 2022
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Last Updated: 1/13/2022 9:12 AM