| 1 | Representative Bogdanoff offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | Remove lines 41-51 and insert: |
| 5 | and liability loss-assessment coverage of at least $2,000 per |
| 6 | occurrence for an assessment made as a result of a direct loss |
| 7 | to any portion of the association property when such loss is the |
| 8 | type of loss covered by the unit owner's primary property and |
| 9 | liability insurance policy. Every individual unit owner's |
| 10 | residential property insurance policy must contain a provision |
| 11 | stating that the coverage afforded by the policy is excess |
| 12 | coverage over the amount recoverable under any other policy |
| 13 | covering the same property. Loss-assessment coverage shall |
| 14 | include an assessment for an association's deductible resulting |
| 15 | from a covered peril under the unit owner's policy. For the |
| 16 | purposes of |
| 17 | |
| 18 | |
| 19 | ----------------------------------------------------- |
| 20 | T I T L E A M E N D M E N T |
| 21 | Remove line 7 and insert: |
| 22 | coverage is excess coverage; requiring such coverage to include |
| 23 | a certain assessment; specifying when a date of |