[HISTORY: Adopted by the Township Committee of the Township of Washington as indicated in article histories. Amendments noted where applicable.]
[Adopted 5-21-1979 by Ord. No. 51-79 (Ch. XXII of the Revised General Ordinances)]
Except as provided in § 108-2, no insurance company shall pay to a claimant any claim in excess in the aggregate of $2,500 for fire damages on any real property located within the Township of Washington pursuant to any fire insurance policy issued or renewed after the adoption and filing of this article with the State Commissioner of Insurance until such time as all taxes and assessments and all other municipal liens or charges due and payable appearing on the official certificate of search shall have been paid either by the owner of such real property or by the insurance company from the proceeds of the insurance policy.
The prohibition as contained in § 108-1 hereinabove shall be inapplicable in the situation where the Township of Washington enters into an agreement with the owner of the property in question to require payment of all delinquent taxes, assessments and other municipal liens by installments if the municipality is satisfied that the claim for fire damages is to be used to restore or improve the fire-damaged property.
No change in this article shall take effect until it is filed with the Commissioner of Insurance.