My Association Is Struggling To Obtain Fidelity Bond Coverage, What Can We Do And What Happens If We Can’t Obtain Coverage?’

An Association that cannot obtain fidelity coverage from an insurance carrier registered with the Department of Commerce and Consumer Affair’s Insurance Division can request an exemption under three criteria:

(1) Sole Owner

(2) 100% Commercial Use

(3) 20 or Fewer Units

Otherwise, lack of fidelity bond coverage will result in the loss of registration for that time period, removing the Association’s standing in court as well as access to subsidized mediation.

4.17.25