[HISTORY: Adopted by the Township Committee of the Township of Washington 3-1-1979 by Ord. No. 1979-1. Amendments noted where applicable.]
The legislature has adopted Chapter 24 of the Laws of 1978 authorizing a municipality to adopt an ordinance regulating the payment of an insurance claim in excess of $2,500.
Editor's Note: See N.J.S.A. 17:36-8 et seq. (L. 1978, c. 184, as amended.)
No insurance company authorized to issue fire insurance policies in this state shall pay any claim in excess of $2,500 on any real property located within Washington Township unless or until the insured person submits an official certificate of search for municipal liens pursuant to N.J.S.A. 54:5-12 certifying that all taxes, assessments or other municipal liens or charges, levied and assessed and due and payable against said property have been paid.
The governing body may enter into an agreement with the owner of any fire-damaged property to permit said owner to pay in full all delinquent taxes or municipal liens or by installments if the governing body is satisfied that the claim for fire damage is to be used to restore or improve the fire-damaged property.