Altering the types of elements and units for which a council of unit owners is required to maintain certain property insurance; requiring the council of unit owners to annually notify, in writing, owners of detached units of certain property insurance obligations; limiting instances when an owner of a detached unit within a condominium is required to carry homeowners insurance on the entirety of the unit; and authorizing a council of unit owners to carry homeowners insurance on the entirety of all units located within a certain condominium.