CB-16-610 Common ownership – Directors and officers liability insurance

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CITIZEN-DRAFTED BILL CB-610 
 
Requested: January 12, 2026 
Suggested assignment to: Economic Matters 
 
AN ACT concerning 
 
Common ownership – Directors and officers liability insurance 
FOR the purpose of consumer protection, ending the practice of forcing homeowners to pay for the 
protections and breaches of bad actors, and requiring directors and officers who are purchasing D&O 
liability insurance to do so without the use of condominium or association funds since the insurance 
does not benefit the council of unit owners (in contrast to fidelity insurance of 11-114.1) and is 
therefore a personal expense.   
 
EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW. 
[Brackets] indicate matter deleted from existing law. 
Underlining indicates amendments to bill. 
Strike out indicates matter stricken from the bill by amendment or deleted from the law by amendment. 
Bold indicates matters for general awareness, usually existing law that provides key context for the bill.   
 
 
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, That the Laws of Maryland 
read as follows: 
 
Article – Real Property 
 
11-114.3 
(a) DIRECTORS AND OFFICERS LIABILITY INSURANCE SHALL NOT BE A COMMON EXPENSE.   
 
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect October 1, 2026.