the JMB/MC has the legal duty to insure a strata building from fire damage (thus each year you need to pay fire insurance to the management).

Upon payment, you have to obtain a copy of the fire insurance certificate (for your unit) and forward it to the bank, failing which, the bank will deem that you did not purchase one and will proceed to do so with their own panel insurers (thus there'll be double coverage for your unit).

The bank is not obliged to obtain the fire insurance cert from the management themselves as it is your obligation to do so (can refer in the bank's Deed of Assignment).