[HISTORY: Adopted by the Township Council
of the Township of Cedar Grove as indicated in article histories.
Amendments noted where applicable.]
STATUTORY AUTHORITY
Prohibition of payment of claims without submission
of certain documents — See N.J.S.A. 17:36-8 through
17:36-13.
[Adopted 8-6-1979 by Ord. No. 79-95]
No insurance company which has issued or renewed any fire insurance policy after the adoption of this article and after the filing thereof with the State Commissioner of Insurance shall pay to a claimant under said fire insurance policy any claim in excess of $2,500 for fire damages on any real estate located in the Township of Cedar Grove until such time as all taxes, 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 estate or by the insurance company, pursuant to the provisions of Chapter 184 of the Public Laws of 1978,[1] or until the Township of Cedar Grove submits to the insurance
company a copy of a resolution adopted pursuant to the said public
law allowing the application of the insurance proceeds to the restoration
or improvement of the damaged property by the owner.
[1]
Editor's Note: See N.J.S.A. 17:36-8 et seq.
A copy of this article shall be submitted, upon final adoption, to the State Commission of Insurance in accordance with Chapter 184 of the Public Laws of 1978.
[Adopted 6-5-2023 by Ord. No. 23-913]
It is the purpose of this article to comply with the requirements
imposed upon the Township 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 Township.
[1]
Editor's Note: See N.J.S.A. 40A:10A-1 et seq.
The following words and phrases, when used in this article,
shall have the meanings ascribed to them in this section, except where
the context clearly indicates a different meaning:
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.
The certificate of insurance form submitted by each business.
The certificate issued by the Municipal Clerk indicating
compliance with the registration requirements of P.L. 2022, c. 92.
The Township of Cedar Grove.
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.
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 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.
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, and the required registration fee. A new certificate
of registration shall be required annually for each calendar year.
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 for
businesses and rental properties greater than four units. For rental
properties of four units or less the fee is $50.
Pursuant to N.J.S.A. 40A:10A-2b, the governing body of the Township
of Cedar Grove 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.
