[HISTORY: Adopted by the Township Council of the Township of Mount Laurel 5-19-1980 as Ord. No. 1980-15. Amendments noted where applicable.]
The payment to a claimant by any insurance company of any claim in excess of $2,500 for fire damage on any real property located within the Township of Mount Laurel pursuant to any fire insurance policy issued or renewed after the adoption of this chapter and after filing of same with the State Commissioner of Insurance, said adoption and filing not to occur later than June 1, 1980, is hereby prohibited until such time as all taxes and 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 owners of such real property or by the insurance company pursuant to N.J.S.A. 17:36-10 or the municipality submits to the insurance company a copy of a resolution adopted pursuant to N.J.S.A. 17:36-11.
The township hereby directs the Township Clerk to file a copy of this chapter with the State Commissioner of Insurance.