Strata Alert: D & O Insurer Denies Coverage for Strata Council, December 23, 2010

The Strata Property Act (SPA) s. 149 puts an obligation on the strata corporation to obtain property insurance and liability insurance. The SPA also empowers a strata corporation to take out optional forms of coverage, such as directors’ and officers’ errors and omissions insurance also known as “D&O” coverage.

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