Definition : Self-Insurance Fund

Fund dedicated to the payment of various amounts that the syndicate of co-ownership is required to pay in relation with the insurance coverage of the co-ownership. It can without limitation be related to the amounts of the deductible, to the limits of insurance (maximum amount, exclusions, etc.) and to under insurance. It is the duty of the Board of Directors, after consultation with the General Meeting of the Co-owners, to fix the amounts to be paid into the self-insurance fund.

 

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