[HISTORY: Adopted by the Mayor and Council of the Township of Mount Olive as indicated in article histories. Amendments noted where applicable.]
[Adopted 5-21-1991 by Ord. No. 12-91 (Ch. 142, Art. I, of the 1990 Code)]
Pursuant to the provisions of N.J.S.A. 17:36-9 (P.L. 1979, c. 369, Section 2), the Township does hereby prohibit the payment to any claimant by any insurance company of any claim in excess of $2,500 for fire damages on any real property located within the municipality, pursuant to any fire insurance policy issued or renewed after the adoption of this article and the filing of same with the State Commissioner of Insurance, 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 owner of such real property or by the insurance company, pursuant to the provisions of N.J.S.A. 17:36-9.
The Township Clerk shall file a copy of this article with the Commissioner of Insurance of the State of New Jersey.