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BC government initiative to help the soaring strata insurance costs

The BC government is taking its first steps to mitigate soaring strata insurance costs by introducing a bill to amend the Strata Property Act and Financial Institutions Act.


The government wants to make the strata insurance industry more transparent, close depreciation report loopholes, and end referral fees paid to property managers while giving strata councils more tools to deal with insurance.

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CBC | Business News

25/00/2020
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