148Association to insure buildings and structures on association property

#### 148 Association to insure buildings and structures on association property 148 Association to insure buildings and structures on association property > An association must insure a building or structure on the association property and keep the building insured under a contract of insurance, in accordance with this Division, that insures the building or structure if it is destroyed or damaged by fire, lightning, explosion or other occurrence specified in the policy or prescribed by the regulations (a damage policy). > > Maximum penalty—5 penalty units.