[HISTORY: Adopted by the Mayor and Council of the Borough of Northvale 2-8-2023 by Ord. No. 1061-2023. Amendments noted where applicable.]
It is the purpose of this chapter to comply with the requirements imposed upon the Borough by P.L. 2022, c. 92,[1] which provides for the annual registration of certificates of insurance by business owners and the owners of rental units located in the Borough.
[1]
Editor's Note: See N.J.S.A. 40A:10A-1 et seq.
The following words and phrases, when used in this chapter, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:
BUSINESS
Any person offering and/or engaged in buying, selling, storing and/or transferring merchandise, goods, real property, personal property, moneys, services and/or other items who do so for a fee, price, retainer, commission, percentage and/or other means of compensation for the purpose, stated or otherwise, of realizing a profit or other gain.
CERTIFICATE OF INSURANCE
The certificate of insurance form submitted by each business.
CERTIFICATE OF REGISTRATION
The certificate issued by the Municipal Clerk indicating compliance with the registration requirements of P.L. 2022, c. 92.[1]
MUNICIPALITY
The Borough of Northvale.
[1]
Editor's Note: See N.J.S.A. 40A:10A-1 et seq.
A. 
As required by the aforesaid statute and except as provided in Subsection B of this section, the owner of a business or the owner of a rental unit or units shall maintain liability insurance for negligent acts and omissions in an amount of not less than $500,000 for combined property damage and bodily injury to or death of one or more persons in any one accident or occurrence. The provision of this section shall take effect on the 90th day next following enactment for all new policies issued on or after the 90th day following enactment and shall take effect on the 180th day next following enactment for all policies in force on the date of enactment that are renewed on or after the 180th day next following enactment of P.L. 2022, c. 92.[1]
[1]
Editor's Note: See N.J.S.A. 40A:10A-1 et seq.
B. 
The owner of a multifamily home which contains four or fewer units, one of which is owner-occupied, shall maintain liability insurance for negligent acts and omissions in an amount of not less than $300,000 for combined property damage and bodily injury to or death of one or more persons in any one accident or occurrence. The provisions for this section shall take effect on the 180th day next following enactment and shall apply to policies issued or renewed on or after the 180th day following enactment of P.L. 2022, c. 92.[2]
[2]
Editor's Note: See N.J.S.A. 40A:10A-1 et seq.
The owner of a business, the owner of a rental unit or units, and the owner of a multifamily home of four or fewer units, one of which is owner-occupied, shall register annually by filing a copy of a certificate of insurance with the Municipal Clerk, demonstrating compliance with P.L. 2022, c. 92.[1]
A. 
The copy of the certificate of insurance shall be filed with the Municipal Clerk no later than 30 days after the issuance or renewal of the policy or policies of insurance required to be maintained by said owner.
B. 
The Municipal Clerk shall issue a certificate of registration to each owner who files a certificate of insurance demonstrating compliance with P.L. 2022, c. 92,[2] and the required registration fee. A new certificate of registration shall be required annually for each calendar year.
[2]
Editor's Note: See N.J.S.A. 40A:10A-1 et seq.
[1]
Editor's Note: See N.J.S.A. 40A:10A-1 et seq.
A. 
In the event that two or more businesses occupy the same location, the owner of each business shall be required to submit a certificate of insurance for each such business.
B. 
In the event that the same owner conducts business at two or more locations within the municipality, a separate certificate of insurance shall be required for each location.
Issuance of a certificate of registration certificate by the Municipal Clerk does not evidence compliance with other applicable rules, regulations, ordinances and statutes of the municipality, county and State of New Jersey, or other regulatory agencies having jurisdiction over the activities of the certificate holder.
The registration fee to be paid prior to issuance of each certificate of registration by the Municipal Clerk shall be the sum of $100.
Pursuant to N.J.S.A. 40A:10A-2.b., the governing body of the Borough may collect, through a summary proceeding pursuant to the "Penalty Enforcement Law of 1999," P.L. 1999, c. 274 (N.J.S.A. 2A:58-10 et seq.), a fine of not less than $500 but no more than $5,000 against an owner who has failed to comply with the provisions of P.L. 2022, c. 92.