RTA · Condominium Property Regulation
Part 6 — Insurance
61.2 Standard insurable unit description process
prepared and provided the standard insurable unit description for
the residential units or each class of residential units, the
corporation shall
(a) ensure that a standard insurable unit description has been
adopted for each class of residential units, and
Section 61.2 AR 168/2000
(b) identify the standard insurable unit description that appl ies
to each of the residential units on the parcel if there are 2
or more classes of residential units on the parcel.
(2) A corporation may adopt or amend a standard insurable unit
description by
(a) a special resolution,
(b) an ordinary resolution, if the corporation has not passed a
special resolution referred to in clause (a), or
(c) a board resolution, if the corporation has not passed a
special resolution referred to in clause (a), and has not
passed an ordinary resolution referred to in clause (b).
(2.1) A resolution to adopt or amend a standard insurable unit
description by a corporation under subsection (2)(a), (b) or (c)
takes effect when the resolution is passed.
(3) If a corporation adopts a standard insurable unit description
pursuant to subsection (2)(c), the corporation must present that
description as an agenda item at the next annual general meeting of
the corporation for ratification or amendment by ordinary
resolution.
(4) If a corporation adopts a standard insurable unit description
under subsection (1) or (2) or amends a standard insurable unit
description under subsection (2), the corporation shall file at the
land titles office a notice containing the most current standard
insurable unit description applicable to all classes of residential
units.
(5) A notice under subsection (4)
(a) must be submitted for filin g in a form acceptable to the
Registrar, and
(b) must contain
(i) a clear indication of the type of resolution under
which the standard insurable unit definition was
adopted or amended,
(ii) a certification that the r esolution was duly passed,
(iii) the seal of the corporation, and
(iv) any other information required by the Registrar.
Section 62 AR 168/2000
(6) A corporation shall file all standard insurable unit descriptions
adopted or amended under subsection (2) with the land titles office
in the form set by the Registrar.
AR 154/2019 s26;23/2026