Passed BothConf. Cmte
- Cooperative Housing Corporations – Property Insurance Deductibles – Member Responsibility
- Sponsored by
- Senator Kramer
- In the Senate - Hearing 2/02 at 2:00 p.m.
- Fiscal and Policy Note
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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( 5-6B-01, 5-6B-32, 5-6B-33 )
Last Updated: 7/8/2022 2:48 PM