Interesting. Seems like quite a bit of management overhead for any such bylaw requiring renewals and documentation.

I'm currently the strata council president of a building myself, and we have over 200 units in our building, and another 200 units in our sister building. We share a common building manager and property manager. If we had bylaws like that, I'm wondering how much extra man hours would be needed to keep on top of the situation to make sure every unit has proper insurance, etc.

Not really - the property manager doesn't, like, come out on a daily basis and check things out. As with most strata bylaws, nothing is usually done unless someone complains. In our case, there's usually a couple people on the council who will do a weekly walk around looking for things like burned out bulbs in common areas, building damage, etc - common property stuff that the strata deals with. Then they'll take a quick turn through the lot and make sure all the vehicles are displaying valid insurance.

As I noted before, our councils have traditionally been pretty laid back - I've never known them to get all up in an owners grille if, like, a garbage can is left out an extra day after pickup. If it sits in a driveway without moving for a couple weeks, that might warrant a warning letter... otherwise, people here have lives and more important things to think about than who forgot to pick up the free paper on their step every day.

How difficult would that be?
Building 1 Room 1 submitted Insurance. Yes/No?
Our strata has a deadline of end of March every year to submit.
One year, I forgot to submit. 2 weeks later, I received a warning. Faxed them my proof of insurance and we were done.

Always buy Condo Insurance. And get good coverage on the deductible.