HB1541: Condominiums - Mandatory Insurance Coverage
Legislative Summary
Requiring a certain condominium unit owner to obtain a condominium unit owner insurance policy or a substantially similar property insurance policy for the unit; requiring a certain insurance policy to include certain provisions; and authorizing a council of unit owners to acquire an insurance policy on behalf of a unit owner who does not maintain a certain required insurance policy and charge the insurance premium as an assessment to the unit owner.
Demographic Impact
Overall analysis of equity impact
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Bill History
Amendments
Favorable with Amendments 333421/1 Adopted
Favorable with Amendments 333421/1 Adopted
Floor Amendment 403822/1 (Delegate Holmes) Adopted
Floor Amendment 403822/1 (Delegate Holmes) Adopted
