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GA HB1070
Bill
Status
Passed
7/29/2020
Primary Sponsor
Houston Gaines
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AI Summary
- Amends Georgia Code Section 44-3-107 to create new insurance disclosure requirements between condominium associations and unit owners specifically for potential or submitted claims related to water damage or water peril
- Requires condominium associations, upon written request from a unit owner, to provide a copy of the association's certificate of insurance for applicable policies within 5 business days; associations must also provide the name, address, and telephone number of the insurance adjuster if a claim has been submitted
- Requires unit owners, upon written request from the association, to provide a copy of their certificate of insurance for applicable policies within 5 business days, and similarly must disclose insurance adjuster contact information when a claim has been submitted
- Written requests must specify a delivery method (pickup, mail, or electronic communication) and include the corresponding address for delivery
- Does not require condominium associations to obtain insurance related to water damage or water perils
Legislative Description
Condominiums; new insurance policy disclosure requirements for condominium associations and unit owners in the event of potential or actual claims filed against such policies; provide
Last Action
Effective Date
1/1/2021
Full Bill Text
No bill text available