FIC: Condo Owner Policy Subrogation Prohibited By Bill
By: Katrina Callaway, FIC General Counsel A large condominium association bill described by the bill sponsor as a “housekeeping bill” contains an insurance provision that may interest property insurers. The provision prohibits a condo owner’s insurance policy from having rights of subrogation against the condominium association. HB 1075 passed its first committee on March 26,…