NJ S1545

Bill

Prohibits condominium associations from assessing insurance deductibles to individual unit owners or groups of unit owners.

Introduced
02/10/2022

In Committee
02/10/2022

Crossed Over

Passed

Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

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.

AI Summary

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 prohibit condominium associations from placing the burden of a deductible on one owner or a group of owners, ensuring that unit owners realize the full benefit of the association's insurance policy, which is the pooling of risks among a large group of similarly situated individuals.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Linda Greenstein (D)*,

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 02/10/2022)

Official Document

https://www.njleg.state.nj.us/bill-search/2022/S1545

(4 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.njleg.state.nj.us/bill-search/2022/S1545
BillText	https://pub.njleg.gov/Bills/2024/S2000/1545_I1.HTM
BillText	https://www.njleg.state.nj.us/Bills/2022/S2000/1545_I1.HTM
Bill	https://www.njleg.state.nj.us/Bills/2022/S2000/1545_I1.PDF

Bill	Bill Name	Last Action	Type
A2445	Prohibits condominium associations from assessing insurance deductibles to individual unit owners or groups of unit owners.	Received in the Senate, Referred to Senate Community and Urban Affairs Committee	Carry Over
A3797	Establishes New Jersey Bias Crime Offender Registry.	Introduced, Referred to Assembly Law and Public Safety Committee	Carry Over
S2061	Amends "Law Against Discrimination" to provide every person engaged in raising a dog for guide or service the right to access public facilities.	Introduced in the Senate, Referred to Senate Health, Human Services and Senior Citizens Committee	Carry Over
S3769	Prohibits condominium associations from assessing insurance deductibles to individual unit owners or groups of unit owners.	Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee	Carry Over

Bill > S1545

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary