FPCA: OIR Issues Memorandum On Condominium Associations As Additional Named Insured And Loss Payee
Oct 20, 2008
The Florida Office of Insurance Regulation (“OIR”) today, October 20, 2008, issued an Informational Memorandum to all property and casualty insurers authorized to write residential condominium unit-owner policies in the State of Florida regarding changes to Florida law resulting from passage of House Bill 601.
The Memorandum contains sample endorsement language promulgated by the OIR to be used in adding condominium associations as additional named insureds and loss payees on unit-owner condominium insurance policies.
The OIR Memorandum is attached for your review.
Should you have any questions or comments, please do not hesitate to contact Colodny Fass.
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