A. 
The owners of a business or the owner of either a residential or commercial 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 or 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.
A. 
The owner of a business, 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 annually register a certificate of insurance with the Borough, demonstrating compliance with § 207-1A and B, of this chapter with the Borough.
B. 
The Borough Council hereby enacts an annual administrative fee of $40. This fee may be changed annually by resolution.
C. 
All entities doing business in the Borough shall submit their respective insurance certificate simultaneously with their annual business registration filing.
A. 
All parties are required to comply with the requirements ordained herein, shall annually satisfy the requirements by April 1, of each given calendar year.
B. 
If the parties comply with the time period noted herein, the Borough shall not assess an administrative fee.
C. 
However, if the parties fail to comply by April 1 of every calendar year, then the Borough shall assess an administration fee as stated in § 207-2B and the noncomplying party may be cited for violation of this chapter pursuant to § 207-4, Penalties.
A. 
The Borough does hereby enact penalties for noncompliance of this chapter pursuant to a summary proceeding, as follows:
(1) 
First offense: $250 plus court costs.
(2) 
Second offense: $500 plus court costs.
(3) 
Third offense: $1,000 plus court costs.
(4) 
Fourth and subsequent offenses: $5,000 plus court costs.
B. 
An offense shall be conclusively deemed to occur if the property or business owner does not response to the Borough's notice of compliance and it shall be deemed a second and subsequent offense for every thirty-day period of noncompliance post notice of compliance.
C. 
The municipal magistrate shall be permitted to dismiss or reduce the fine noted herein in the interest of justice and equity.