Bill
Bill > SB175
summary
Introduced
01/13/2020
01/13/2020
In Committee
03/16/2020
03/16/2020
Crossed Over
02/14/2020
02/14/2020
Passed
03/18/2020
03/18/2020
Dead
Signed/Enacted/Adopted
05/08/2020
05/08/2020
Introduced Session
2020 Regular Session
Bill Summary
Specifying that the council of unit owners' property insurance deductible is a common expense if the cause of any damage to the condominium originates from an event outside the condominium units and common elements; increasing, from $5,000 to $10,000, the maximum amount of the council of unit owners' property insurance deductible for which a unit owner is responsible; 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.
AI Summary
This bill specifies that the condominium council of unit owners' property insurance deductible is a common expense if the damage originates from outside the condominium units and common elements. It also increases the maximum amount of the deductible for which a unit owner is responsible from $5,000 to $10,000, and requires the council to inform each unit owner annually of their responsibility for the deductible and the deductible amount. The bill applies to all property and casualty insurance policies issued, delivered, or renewed in the state to a condominium council of unit owners on or after October 1, 2020, and takes effect on that date.
Committee Categories
Justice, Transportation and Infrastructure
Sponsors (1)
Last Action
Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 57 (on 05/08/2020)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0175?ys=2020RS |
| Vote Image | http://mgaleg.maryland.gov/2020RS/votes_comm/sb0175_ent.pdf |
| BillText | http://mgaleg.maryland.gov/2020RS/bills/sb/sb0175t.pdf |
| Vote Image | http://mgaleg.maryland.gov/2020RS/votes_comm/sb0175_jpr.pdf |
| BillText | http://mgaleg.maryland.gov/2020RS/bills/sb/sb0175f.pdf |
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