(ii) costs incidental to the reinstatement
or replacement of insured buildings,
(iii) public liability, and
(b)
provides for the reinstatement of property to its condition when new.
(3) The
regulations may prescribe a minimum amount of public liability insurance that
is required under this section.
(4) Insurance for damage and costs incidental
to the reinstatement or replacement of insured buildings must cover the full
replacement value of the retirement village.