Thank you for your reply.
An inspection must be done by a qualified inspector. As far as what is supposed to be done or replaced, you would need to ask a qualified inspector what their industry standard is as that is not for a lawyer to determine and only a sprinkler inspector or the fire marshal can tell you what should be inspected and when repair or replacement is necessary.
2) The association gets money from the owners through fees and dues. So, ultimately, the owners are assessed the costs of the inspections and any necessary repairs. This is governed by the association bylaws and covenants as well.
3) Again, repair or replacement of valves and gauges depends on their condition and the experience of the qualified inspector. It is not in the code and it is not a legal matter, it is a sprinkler inspector and fire code industry standard to be determined by the inspector during their annual inspection.
4) Failure to abide by state law for annual inspection can result in the association being cited and fined (again, ultimately this cost is borne by the association from dues, fees and assessments of the owners). Also, if the insurer finds that the sprinkler failure resulted from negligent inspection they could refuse to provide coverage for any damages
from a fire.
5) You need to first ask them for what they check on inspection and their industry standards for the issues you raised above. Once you have that information, you would know what should have been done on your property.