Compliance and Risksince 0.1.0-draftspec v0.1.0-draft

InsurancePolicy

Experimental

An insurance policy held by the strata corporation, with its coverages, limits and deductibles.

Fields

Field	Type	Description
`id` required	Identifier	Stable identifier of this InsurancePolicy record.
`strataCorporationId` required	Identifier	The strata corporation this record belongs to. References StrataCorporation
`policyNumber` optional	string	Policy number assigned by the insurer. max length 64
`insurerOrganizationId` optional	Identifier	Insurer. References Organization
`brokerOrganizationId` optional	Identifier	Broker, if any. References Organization
`effectiveDate` required	Date	Start of the policy period.
`expiryDate` required	Date	End of the policy period.
`coverages` optional	array<object>	Coverages under the policy.
`↳ coverageType` required	enum	Type of coverage. `propertygeneralLiabilitydirectorsAndOfficersequipmentBreakdowncrimeother`
`↳ limit` optional	Money	Limit of insurance.
`↳ deductible` optional	Money	Deductible.
`↳ peril` optional	string	Peril the deductible applies to, if peril-specific (for example "earthquake", "water damage"). max length 64
`documentIds` optional	array<Identifier>	Policy documents and certificates. References Document unique items
`extensions` optional	Extensions	Implementation-specific data, namespaced by reverse domain.

Controlled vocabularies

coverages[].coverageType

property: Property coverage for buildings and common assets.
generalLiability: Third-party / general liability.
directorsAndOfficers: Directors and officers liability for council members.
equipmentBreakdown: Equipment breakdown.
crime: Crime / fidelity.
other: Other coverage.

Relationships

Referenced by

None

InsurancePolicy

References

strataCorporationIdStrataCorporation
insurerOrganizationIdOrganization
brokerOrganizationIdOrganization
documentIds[]Document

Validation rules

Cross-field rules beyond what JSON Schema expresses. Documented in the draft; not yet enforced by tooling.

expiryDate must be after effectiveDate.

Open questions for legal and industry review

Statutory insurance requirements for strata corporations should be summarised only after legal review.

Example payload

Illustrative only, with fictional data. Validated against the draft schema at build time.

{
  "id": "ins-2026",
  "strataCorporationId": "sc-0001",
  "policyNumber": "EX-123456",
  "insurerOrganizationId": "org-0004",
  "effectiveDate": "2026-02-01",
  "expiryDate": "2027-02-01",
  "coverages": [
    {
      "coverageType": "property",
      "limit": {
        "amount": "32000000.00",
        "currency": "CAD"
      }
    },
    {
      "coverageType": "property",
      "peril": "water damage",
      "deductible": {
        "amount": "50000.00",
        "currency": "CAD"
      }
    },
    {
      "coverageType": "generalLiability",
      "limit": {
        "amount": "10000000.00",
        "currency": "CAD"
      }
    }
  ],
  "documentIds": [
    "doc-0301"
  ]
}