[HISTORY: Adopted by the Board of Commissioners of the City of Ventnor City as indicated in article histories. Amendments noted where applicable.]
[Adopted 3-15-1982 by Ord. No. 8206]
Any insurance carrier or company who has issued a fire insurance policy in the City of Ventnor City for which a claim for damages is made in excess of $2,500 shall, in accordance with the statute mentioned below, be obligated to satisfy any and all taxes, assessments or other municipal liens or charges levied and assessed and due and payable against the property in question prior to any payment for fire damage to the claimant.
The requirements to make payment to the City of Ventnor City are subject to the terms and conditions of N.J.S.A. 17:36-8 et seq.
Upon passage and final adoption of this article, the City of Ventnor City hereinafter directs the City Clerk to immediately and forthwith file a copy of said Article with the State Commissioner of Insurance so that the City of Ventnor City shall be listed in the New Jersey Register, in the list of municipalities who have adopted ordinances in accordance with the New Jersey statute cited hereinabove.