Section 96
Insurance where area can be separated from main premises of building
ActIn forceProvision 96 of 192
Section 96
(a)
the management corporation shall insure the part of the building excluding the area managed by the subsidiary management corporation; and
(b)
the subsidiary management corporation shall insure the part of the building excluding the area managed by the management corporation.
(2)
For the purpose of this section, “can be separated from the main premises of the building” means that the area maintained and managed by the subsidiary management corporation exists as an independent structure, and any damage to the structure or
Act 757
its facilities will not materially affect the existence or usability of all other structures within its vicinity.