Chapter 60A. Insurance

Chapter 60A INSURANCE

ARTICLE I Fire Insurance Claims

§ 60A-1. Statutory authority.

§ 60A-2. Payment of Claims restricted.

§ 60A-3. Agreement for payment by installments.

§ 60A-4. Filing of ordinance.

§ 60A-5. When effective.

[HISTORY: Adopted by the Council of the Township of Gloucester: Article I, 7-11-83 as Ord. No. 0-83-24. Amendments noted where applicable.]

Be it ordained by the Township Council of the Township of Gloucester, in the County of Camden and State of New Jersey, as follows:

ARTICLE I Fire Insurance Claims

[Adopted 7-11-83 as Ord. No. 0-83-24 ]

§ 60A-1. Statutory authority.

This ordinance is enacted pursuant to the authorization provided in N.J.S.A. 17:36-8 to 17:36-13.

§ 60A-2. Payment of claims restricted.

No insurance company authorized to issue fire insurance policies in the State of New Jersey shall pay to a claimant any claim in excess of two thousand five hundred dollars ($2,500.) for fire damages on any real property located within the Township of Gloucester, pursuant to any fire insurance policy issued or renewed after the adoption of this ordinance with the State Commissioner of Insurance, until such time as all taxes, assessments and 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 pursuant to N.J.S.A.17:36-10, or the township submits to the insurance company a copy of a resolution adopted pursuant to N.J.S.A.17:36-11.

§ 60A-3. Agreement for payment by installments.

The Township Council may enter into an agreement when authorized by a duly adopted resolution with the owner of any fire-damaged property to pay in full all delinquent taxes, assessments or other municipal liens by installments pursuant to N.J.S.A. 54:5-19 or for the redemption of a tax sale lien by installment payments pursuant to N.J.S.A. 54:5-65 et seq. if the Township Council is satisfied that the claim for fire damages is to be used to restore or improve the fire-damaged property.

§ 60A-4. Filing of ordinance.

Upon final adoption, the Township Clerk shall file a certified copy of this ordinance with the State Commissioner of Insurance.

§ 60A-5. When effective.

This ordinance shall take effect upon final adoption and publication and filing with the State Commissioner of Insurance in the manner provided by law.

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Editor's Note: This ordinance supersedes former Article I, Fire Insurance Claims, adopted 11-9-81 as Ord. No. 0-81-43.