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Section 99

Insurable interest

of Strata Management Act 2013

ActIn forceProvision 99 of 192
Section 99

A joint management body, management corporation or subsidiary management corporation shall be deemed—

(a)

for the purposes of effecting any insurance under subsection 93(1), to have an insurable interest in the building equal to the amount to be insured under subsection 94(1); and

(b)

for the purposes of effecting any insurance under section 98, to have an insurable interest in the subject matter of the insurance.

Read in full context — Strata Management Act 2013 →