B.C. proposes ‘first-step’ amendments to laws governing condo insurance

By The Canadian Press
Ending referral charges and disclosing commissions would increase competition and could lead to lower rates

The B.C. government said it’s taking the first steps to address concerns about sky-high costs and the availability of insurance for condominiums that have seen premiums rise by as much as 50 per cent. Housing Minister Selina Robinson introduced legislation Tuesday, June 23, that proposes to amend the Strata Property Act and the Financial Institutions Act to bring more transparency to the insurance market and give property owners more tools to deal with the challenges they face.…

Source:: B.C. proposes ‘first-step’ amendments to laws governing condo insurance

• Whistler News

June 24, 2020

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