The bill amends Section 34-36.1-3.13 of the General Laws concerning condominium insurance requirements. It introduces new legal language that references both the declaration and bylaws of a condominium association as potential sources for regulating insurance for condominiums. The bill requires that additional insurance be maintained to protect unit owners when necessary. It emphasizes the necessity for condominium associations to maintain property and liability insurance, ensuring coverage for common elements and units. The act is set to take effect upon passage.

Statutes affected:
5587: 34-36.1-3.13