CT HB06237

Requires associations to maintain property insurance on common elements at not less than 80 percent of actual cash value, effective October 1, 2011.

Mandates flood insurance for condominiums located in federally-designated flood hazard areas if directed by unit owner vote.

Requires commercial general liability insurance covering bodily injury and property damage arising from use, ownership or maintenance of common elements, with minimum amounts specified in the declaration.

Requires commercial general liability insurance to include medical payments coverage and apply to all units in cooperatives.

Mandates community association managers obtain and present rate quotes from at least two insurance agencies every two years before policy renewal for residential-use-only communities.