The Ever-Increasing Deductible Dilemma, Part One

Written by: on Wednesday, March, 18th, 2015

It is becoming more and more common place.  A condominium association has a few claims on its insurance policy over the years and premiums start to rise.  In order to purchase affordable casualty insurance to cover the common elements and the portions of the units the association is obligated to insure per the governing documents [Read More...]

House Seeks To Protect Rain Barrels

Written by: on Thursday, March, 12th, 2015

Last week, HB 15-1259 was introduced to the House of Representatives and referred to the Committee on Agriculture, Livestock & Natural Resources.  The Bill, as drafted, will protect personal rain barrel collection systems and establish the following guidelines: •    Use up to two rain barrels having a total combined storage capacity of not more than [Read More...]

Rule F9 Revised with Respect to Disclosure of Conflicts of Interest

Written by: on Thursday, March, 12th, 2015

Prior to the most recent changes, managers would have been required to disclose “perceived” conflicts.  This is no longer the case.  However, managers should be aware that under the proposed Permanent Rule F9 of the Community Association Manager Licensing Rules you must disclose any actual or potential conflicts that may arise in the conduct of [Read More...]

DORA Resolves Crime Fidelity Insurance Issue

Written by: on Wednesday, March, 11th, 2015

As a result of the hard work of many management company CEOs, the proposed Permanent Rule D10 to the Community Association Manager Licensing Rules has been substantially revised to make it realistic for managers and management companies to satisfy the crime fidelity insurance requirements.  The rule allows managers or management companies to either obtain crime [Read More...]

Managers Given the Ability to Determine When Funds will be Deposited

Written by: on Wednesday, March, 11th, 2015

Under the proposed Permanent Rule E6 to the Community Association Manager Licensing Rules, all money belonging to others received by a manager must be deposited within 5 days of receipt by the manager.  However, depending on the needs of the community and the types of funds received, this 5 day requirement can be varied by [Read More...]