Crime/Fidelity Compliance Worksheet

Worksheet to Comply with the Crime/Fidelity Requirements of California’s Assembly Bill No. 2912 (New Civil Code Section 5806)

Please note that the values collected in this worksheet will remain confidential and, along with the email address, will not be shared with any third party.

Association Name *

Your Name *

Your Email * (Where we will send the resulting report)


Total of the Association’s Homeowners Dues (Maintenance Fees) Collected Each Month: *
$		(Per Month)

Current Balance of the Reserves: *
$		(Currently in Reserves)

Anticipated Increase in the Reserve Account Over the Next 12 Months: *
$		(Examples would include any increases in the reserves as a result of: (1) monthly contribution or transfers from Operating; (2) expected insurance claim settlement; and/or (3) expected construction defect settlement.)

Anticipated Reduction in the Reserve Account Over the Next 12 Months: *
$		(Anticipated decrease in reserves over the next 12 months may occur as a result of (1) renovation, replacement or remodeling; or (2) a Capital Improvement Project.)

IMPORTANT: Does the Association’s CC&Rs require a specific limit for crime/fidelity coverage and, if so, what is that limit? OR, please describe the limit (example “125% of Annual Operating Expenses plus Reserves”)*

[calculate_button "Calculate"]

Minimum Amount Necessary to Comply:
$

The clock is ticking!

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GREAT WORK on completing the worksheet. Before you request the report, please let us know how you'd like to proceed: *

(Check One)

OPTION 1) Our Crime/Fidelity coverage is currently with the CLINE AGENCY. If any changes are necessary, please follow-up with me ASAP.OPTION 2) Our underlying coverage is elsewhere, but we're still interested in a proposal from the CLINE AGENCY, in accordance with the new law.OPTION 3) Please don’t bother us. Some laws are meant to be broken. We may just ignore this one.OPTION 4) We are not responding to this question.

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Governor Signs First-Ever Mandatory Fidelity/Crime Insurance Requirements for California CIDs

Jacqui Irwin, a California Assembly Member from Thousand Oaks, drafted a change to the Davis-Stirling Common Interest Development Act, which, along with other much-needed financial controls, requires Crime/Fidelity protection for California CIDs at specific limits.

Crime/Fidelity Compliance Worksheet

Worksheet to Comply with the Crime/Fidelity Requirements of California’s Assembly Bill No. 2912 (New Civil Code Section 5806)

Learn More

Governor Signs First-Ever Mandatory Fidelity/Crime Insurance Requirements for California CIDs

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