Cooperative Housing Corporations - Property Insurance Deductibles - Member Responsibility
Sponsor: Vaughn Stewart (District 19)Committee: Environment and TransportationSubject: Corporations and AssociationsStatus: Hearing 1/25 at 1:00 p.m. (as of Nov 15, 2022)
What this bill does
Official synopsis
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 in writing annually of the member's responsibility regarding the insurance deductible and the amount; and applying the Act prospectively.
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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (5)
MGA witness listFAV 3FavorableFWA 1Favorable with amendmentsINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | katzman, s | "JustUs" | Oral |
| FAV | Delegate Stewart, Delegate Stewartlegislator | Individual | Oral |
| FAV | Stewart, Vaughn | Individual | Oral |
| FWA | Silverman, Scott | Community Association Institute | Oral |
| INFO | Boone, Kory | MIA | Written (PDF) |