Insurance
This endorsement provides for an agreed upon limit of insurance
Agreed Amount Endorsement
This is the number of members required to be present for the board to legally conduct the business of the association.
This is a written means of voting when secrecy is desired.
Ballot
This is an announcement that an organization is interested in receiving bids for a particular project.
RFP - Request for Proposal
This is also called a regulation or resolution, and is a specific statement of required behavior or action
Rule
This is the amount that the association must pay on each loss
Deductible
This is a proposal that the board takes a stand or takes action on a specific matter
Motion
This is a written statement authorizing another person to cast a vote on the signer's behalf.
Proxy
These are detailed instructions about the product or services requested
Bid Specifications
This is a rule that applies to the appearance of an owner's lot or the exterior of his/her unit or improvements.
Architectural Guideline
This is the cost to replace property that an be insured and excludes the land, foundations, underground piping and other components not typically insurable.
Insured Replacement Cost
This is a list of meeting items with a period of time assigned to each.
Timed Agenda
Who is responsible for keeping the minutes of meetings?
Secretary of the Association
This document asks for certain types of information to determine if the bidder is technically and financially qualified to handle a job of this scope.
Prospective Bidders Questionnaire or Qualifications Sheet
This is a motion following a set format and formally adopted by the Board.
Resolution
The means the insurer will pay whatever it costs to rebuild the property (as defined in the insurance policy).
Guaranteed Replacement Cost
This documents the decisions made during a meeting.
Minutes
What governing document dictates quorum requirements for meetings?
The Bylaws
This is an agreement between 2 or more parties, enforceable by law, by which each party promises to do, or not to do, something
Contract
This type of resolution addresses the internal operation of the community association and usually address ambiguities and omissions in the bylaws.
Administrative Resolution
This insurance protects against employee dishonesty which may lead to the theft of money, securities, or property.
Fidelity Insurance
This is a list of actions to be taken before the next board meeting as a result of decisions made at the current meeting or between meetings.
Action item list
This type of "owner meeting" is devoted to a "specific issue"
Special owner meeting
This is a promise or guarantee that parts, materials or labor will last for a designated period of time.
Warranty
Describe the Resolution format: P.A.S.S.
Purpose
Authority
Scope & Intent
Specifications