Utah Statutes
§ 57-8a-406 — Liability insurance.
(1)This section applies to a liability insurance policy required under Subsection 57-8a-403(1)(b).
(2)A liability insurance policy shall be in an amount determined by the board but not less than an amount specified in the declaration or bylaws.
(3)Each lot owner is an insured person under a liability insurance policy that an association obtains, but only for liability arising from:
(3)(a) the lot owner's ownership interest in the common areas;
(3)(b) maintenance, repair, or replacement of common areas; and
(3)(c) the lot owner's membership in the association.
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Legislative History
Amended by Chapter 152, 2013 General Session
Nearby Sections
15
§ 57-1-1
Definitions.§ 57-1-10
After-acquired title passes.§ 57-1-12
Form of warranty deed -- Effect.§ 57-1-12.5
Form of special warranty deed -- Effect.§ 57-1-13
Form of quitclaim deed.§ 57-1-14
Form of mortgage -- Effect.§ 57-1-19
Trust deeds -- Definitions of terms.