Chapter 433
2016 -- H 7437 SUBSTITUTE A
Enacted 07/12/2016

A N   A C T
RELATING TO PROPERTY -- CONDOMINIUM OWNERSHIP -- INSURANCE

Introduced By: Representatives Solomon, Shekarchi, Coughlin, and Melo
Date Introduced: February 03, 2016

It is enacted by the General Assembly as follows:
     SECTION 1. Section 34-36-29 of the General Laws in Chapter 34-36 entitled
"Condominium Ownership" is hereby amended to read as follows:
     34-36-29. Insurance. -- (a) The manager, management committee, or association of unit
owners, if required by the declaration, bylaws, or by a majority of the unit owners, or at the
request of a mortgagee having a first mortgage of record covering a unit, shall have the authority
to, and shall, obtain insurance for the property against loss or damage by fire and other hazards
under the terms and for amounts as shall be required or requested. Insurance coverage shall be
written on the property in the name of the manager, management committee, or association of
unit owners, as trustee for each of the unit owners in the percentages established in the
declaration. Premiums on insurance shall be common expenses. Provision for insurance shall be
without prejudice to the right of each unit owner to insure his or her own unit for his or her
benefit.
     (b) In the event a unit owner sustains damage to their unit as a result of an event that is
covered under the insurance coverage purchased in accordance with subsection (a), then, upon
written request to the condominium association, the unit owner shall be entitled to a written copy
from the condominium association of the insurance company damage appraisal, or any damage
appraisal in regard to damage to the owner's unit, within fourteen (14) calendar days of the date
of the unit owner's request, or within fourteen (14) days of the association's receipt of the damage
appraisal, whichever is later. If coverage for the damage to a unit is denied for any reason, or is
deemed to be valued below the policy deductible, then the unit owner shall also be entitled to
receive, from the association, a copy of the letter detailing the determination.
     SECTION 2. This act shall take effect upon passage.
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LC004190/SUB A
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