Okla. Stat. tit. 60, § 60-526
This is the official text of Okla. Stat. tit. 60, § 60-526, part of Oklahoma’s Stat. tit. 60, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 60,." Browse the sections below, each linked to its official government source.
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Insurance
Official statutory text
The unit owners may, upon resolution of a majority, insure the
property against risks, without prejudice to the right of each unit
owner to insure his unit on his own account and for his own benefit.
The premiums for such insurance on the property shall be deemed
Oklahoma Statutes - Title 60. Property Page 193
common expenses except with respect to the units exempted by the
declarant pursuant to subsection (b) of Section 512 of this title in
which event the insurance premiums on such units shall be paid by
the declarant as provided in subsection (b) of Section 512 of this
title. The declarant and the council of unit owners may agree by
separate contract to insure the unconstructed buildings and/or units
under the same master policy of insurance as the council of unit
owners may have obtained for the property, as their respective
interests may appear, in which event the portion of the premiums
charged for insuring said unconstructed buildings and/or
unconstructed units shall be borne by the declarant.
property against risks, without prejudice to the right of each unit
owner to insure his unit on his own account and for his own benefit.
The premiums for such insurance on the property shall be deemed
Oklahoma Statutes - Title 60. Property Page 193
common expenses except with respect to the units exempted by the
declarant pursuant to subsection (b) of Section 512 of this title in
which event the insurance premiums on such units shall be paid by
the declarant as provided in subsection (b) of Section 512 of this
title. The declarant and the council of unit owners may agree by
separate contract to insure the unconstructed buildings and/or units
under the same master policy of insurance as the council of unit
owners may have obtained for the property, as their respective
interests may appear, in which event the portion of the premiums
charged for insuring said unconstructed buildings and/or
unconstructed units shall be borne by the declarant.
Status: in_force · Read it on the official government site
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