FIC: FIGA Condo Association Coverage Increase In Position To Pass
By: Katrina Callaway, FIC General Counsel SB 898 increases the FIGA coverage limit and the FIGA emergency assessment maximum for condominium association and homeowners’ association FIGA claims. The bill passed its last Senate committee on March 2, 2020 without amendment. The House bill (HB 529) is identical and has also cleared all its assigned committees. …