This is not a legal answer; your answerer is not an attorney.
If the association can verify that title remains in the developer's name, the association may be able to recover costs it has expended to keep up the common areas. Legal counsel is required to take action against the developer.
The key element in your question is liability.
You can ask your master insurance policy broker to verify that the association is paying premiums to cover liability in the common areas, and if indeed, as above, the title remains in the developer's name, the association should be able to pursue the developer to recover the costs of these premiums.
The association's counsel can assist you, and answer your question in particular, given evidence the association can retrieve.
Developer contributions to a Home Owners Association (HOA) are considered a liability because they represent an obligation or responsibility that the developer has towards the HOA. These contributions are typically part of a legal agreement between the developer and the HOA, outlining the developer's financial responsibilities for the community's maintenance and development. Until the developer fulfills their obligations by making the required contributions, it remains a liability for the HOA.
Legal Liability. Liability.
Direct liability is holding the actor responsible for his or her own actions. Respondeat superior liability is holding an employer responsible for an employee's actions.
= not responsible for If one is immune from liability then that person cannot be held responsible for the reason that person has immunity from.
The liability is 100%. Both are 100% responsible for payment.
Personal Liability
Community Insurance provide a number of financial services. They provide general liability, auto liability and school board legal liability services. One can make claims online.
shareholders are not responsible for the debts of the corporation.
If you have financial liability, they you have to pay money if something goes wrong. Liability means you can be held responsible and financial means money.
Liability is when you or someone or thing is liabile for something that they did or are responsible for . Yes it is possible for health insurance to have liability .
There are a couple definitions for liability. Liability usually refers to being held responsible for something, which can include damage to an item or person.
Without liability insurance, should there be any accident on the property, the association will be liable to pay for defending the claim, and potentially the claim for damages.Often the trade-off between liability insurance premiums and the hourly rate for defense attorneys indicate the it's less expensive to pay the liability insurance premiums.Your governing documents will help you define your requirement as an association insofar as carrying liability insurance is concerned. Usually, carrying it is mandatory.