Rule: 61B-22.007 Prev   Up   Next

Rule Title: Common Expense; Insurance
Department: DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION    Add to MyFLRules Favorites
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Division: Division of Florida Condominiums, Timeshares and Mobile Homes
Chapter: FINANCIAL AND ACCOUNTING REQUIREMENTS; BUDGETS, RESERVES, AND GUARANTEES

Latest version of the final adopted rule presented in Florida Administrative Code (FAC):

Not Adopted by FAC Yet. Effective Date:
History Notes:
References in this version: No reference(s).
History of this Rule since Jan. 6, 2006
Notice /
Adopted
Section Description ID Publish
Date
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61B-22.007
The purpose of the rule is to clarify that insurance and the costs of repairing condominium property for which the association has insurance coverage is a common expense. This includes the cost of any insurance deductible .... 3330221 12/22/2006
Vol. 32/51