NSWIn ForceAct
Community Land Management Act 2021
153Association may take out other insurance
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#### 153 Association may take out other insurance
153 Association may take out other insurance
> > (1) An association may insure property that it is not required to insure by this Part and in which it has an insurable interest.
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> > (2) An association may take out insurance, at its own expense, in respect of any of the following—
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> > > (a) damage to property, death or bodily injury for which a person holding the office of chairperson, secretary or treasurer of the association or of a member of the association committee could become liable in damages because of an act or omission, committed or omitted in good faith, in performing the functions of that office,
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> > > (b) misappropriation of money or other property of the association.
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> > (3) Insurance taken out under this section must be taken out with an approved insurer.