My Complex Compliance check list -

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Health Check Questioner

Have you done a Valuation on your property?

Yes

Sectional Title Schemes Management Act (STSM) No. 8 of 2011.Rule 23 (3) A body corporate must obtain a replacement valuation of all buildings and improvements that it must insure at least every three years and present such replacement valuation to the annual general meeting.

Do you have a 10 year maintenance plan?

Yes

Sectional Title Schemes Management Act (STSM) No. 8 of 2011.Rule 22 The trustees are obliged to prepare a Maintenance , Repair and Replacement Plan for the common property in writing, setting out the following: - the major capital items expected to require maintenance, repair and replacement within the next 10 years; - the present condition or state of repair of those items; - the time when those items or components of those items will need to be maintained, repaired or replaced; - the estimated cost of the maintenance, repair and replacement; - the expected life of those items or components once maintained, repaired or replaced - any other information the body corporate considers relevant

How long ago? Please provide date

How long ago? Please provide date.

How many years has it been active?

Do you have Fidelity cover?

Yes

According to CSOS AND STSM the community scheme needs to insure against risk of loss of money belonging to the community scheme or for which it is responsible , sustained as an act of dishonesty and fraud committed by a insurable person.

Is your Public Liability cover a minimum R 10 million?

Yes

Minimum according to the act is R10 Million

What makes up majority of your claims?

Geysers

Theft

Storm related

Lightning

Other

What is your current complex claims ratio?

Below 60%

60% to 70%

70% to 80%

Above 80%

Do you have Trustee Indemnity Cover?

Yes

Do you have a Health and Safety file?

Yes

Of utmost importance that this file are available at any time that consist of ,but not limited to , evacuation plan, processes and procedures of any activity on body corporate property,servicing of fire equipment and any compliance documents required.

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Compliance check list

Compliance check list

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