Bill > A3683

Introduced 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.

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Daniel Benson (D)*, 

Introduced, Referred to Assembly Housing and Community Development Committee (on 05/12/2016)