California Statutes
§ 5806. — 5806. (Amended by Stats. 2021, Ch. 270, Sec. 3.)
California·Code CIV Civil Code - CIV·Div. 4. DIVISION 4. GENERAL PROVISIONS·Part 5. PART 5. Common Interest Developments·Ch. 9. CHAPTER 9. Insurance and Liability
Unless the governing documents require greater coverage amounts, the association shall maintain crime insurance, employee dishonesty coverage, fidelity bond coverage, or their equivalent, for its directors, officers, and employees in an amount that is equal to or more than the combined amount of the reserves of the association and total assessments for three months. The coverage maintained by the association shall also include protection in an equal amount against computer fraud and funds transfer fraud. If the association uses a managing agent or management company, the association’s crime insurance, employee dishonesty coverage, fidelity bond coverage, or their equivalent, shall additionally include coverage for, or otherwise be endorsed to provide coverage
for, dishonest acts by t
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California § 5806. (5806. (Amended by Stats. 2021, Ch. 270, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2021, Ch. 270, Sec. 3. (AB 1101) Effective January 1, 2022.