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  • NJ A3683
  • Prohibits condominium associations from assessing insurance deductibles to individual unit owners or groups of unit owners.
Introduced
(5/12/2016)
In Committee
(5/12/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill would prevent condominium associations from assessing insurance deductibles to individual unit owners or groups of unit owners. Under current law, a condominium association can pass the cost of any deductible arising from a claim under the association's insurance policy to an individual unit owner. This bill would prevent condominium associations from placing the burden of a deductible on one owner or a group of owners. The bill would ensure that unit owners realize the full benefit of an association's insurance policy, which is the pooling of risks among a large group of similarly situated individuals.
Not specified
Introduced, Referred to Assembly Housing and Community Development Committee  (on 5/12/2016)
 
 

Date Chamber Action Description
5/12/2016 A Introduced, Referred to Assembly Housing and Community Development Committee
Date Motion Yea Nay Other
None specified