Guam § 45126 - Insurance.
Full text of Guam Guam Code Annotated § 45126 — Insurance., with citation guidance and answers to common questions.
§ 45126. Insurance.
The manager or Board of Directors, if required by the declaration,
bylaws, or by a majority of the apartment owners, shall obtain insurance for
the property against loss or damage by fire and such other hazards under
such terms and for such amounts as shall be required or requested. The
insurance coverage shall be written on the property in the name of the
manager or of the Board of Directors of the association or apartment
owners, as trustee for each of the apartment owners in proportion to their
respective common interests. Premiums shall be common expenses.
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provision for the insurance shall be without prejudice to the right of each
apartment owner to insure his own apartment for his benefit.
Frequently Asked Questions About Guam § 45126
What does Guam Code Annotated § 45126 cover?
Section 45126 ("Insurance.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 45126?
A common citation format is "Guam Code Annotated § 45126" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 45126 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.