[HISTORY: Adopted by the Mayor and Council of the Borough
of Wallington 1-27-2000 by Ord. No. 2000-02. Amendments noted
where applicable.]
No insurer issuing fire insurance policies in this state shall
pay any claim for fire damages in excess of $2,500 on any real property
located in the Borough of Wallington pursuant to any fire insurance
policy issued or renewed after the adoption of this chapter and its
being filed with the State Commissioner of Insurance, unless or until
the insured person submits an official certificate of search for municipal
liens pursuant to N.J.S.A. 54:5-12, certifying that all taxes, assessments
or other municipal liens or charges levied and assessed and due and
payable against said property have been paid, or the insurance company
is in receipt of a resolution of the Wallington Mayor and Council
certifying to said payment.
A.
If the Mayor and Council are notified that the claim for fire damages
is to be used to restore or improve the fire-damaged property, they
may enter into an agreement with the owner of said property for the
payment of the delinquent taxes, assessments or other municipal liens
by installments.
B.
In such case, the Mayor and Council may by resolution authorize the
insurance company to make full payment on the claim to the insured
person, and such payment may be made upon receipt of a certified copy
of the resolution.
A.
Any insured persons seeking payment of a claim for fire damage in
excess of $2,500 shall request and obtain an official certificate
of search for municipal liens to ascertain whether all taxes, assessments
or other municipal liens or charges levied and assessed and due and
payable against the property have been paid.
B.
Any request for an official certificate of search for municipal liens
shall specify that the search concerns fire-damaged property.
C.
If the official certificate obtained shows that no liens or charges
are outstanding, the insurer may pay the claim to the insured property
owner.
Unless an insurance company is in receipt of a resolution made pursuant to § 209-1 herein, it is hereby authorized and required to pay to the Borough of Wallington the amount of all liens appearing on the official certificate of search and such other recorded liens or related charges as may be certified to it.
A copy of this chapter shall be filed with the State Commissioner
of Insurance with the request that the Borough of Wallington be added
to the list of municipalities published in the New Jersey Register
which have adopted an ordinance pursuant to N.J.S.A. 17:36-8 et seq.
