[Adopted by Ord. No. 1431-95]
The governing body of any local unit may establish an insurance fund for protection against loss or damage, however, cause to any property, motor vehicles, equipment or apparatus, other liabilities which may develop such as workers' compensation, negligent suits or health benefits.
A. 
The governing body may make direct budget appropriations to the insurance trust funds in accordance with the Local Budget Law, N.J.S.A. 40A:4-1 et seq. ,and may apply insurance reimbursements or settlements to said trust fund for insurance protection.
B. 
It has been determined that an appropriation will be made available in the 1996 municipal budget or from prior year insurance refunds to establish the principal insurance fund in accordance with the conditions established through this section.
C. 
The primary purpose of this trust is to establish a fund to permit the governing body or fund Commissioners to secure insurance protection for the local unit.
D. 
Investment of funds shall be under the direction of the Chief Financial Officer in accordance with the Local Fiscal Affairs Law, N.J.S.A. 40A:5-1 et seq., which provides rules and regulations for the control, investment and disbursement of said funds.
E. 
If the governing body at some future date determines that conditions permit a reduction of the principal amount appropriated to the trust fund, they may cancel a portion of the funds for use in the current operating budget by not less than 2/3 vote of the full governing body.
[Amended by Ord. No. 1819-04]
A. 
This section adopts and incorporates herein the definitions as set forth in N.J.S.A. 39:6A-2 and the no-fault benefits provisions as set forth in N.J.S.A. 39:6A-4.
B. 
Under the provisions of the New Jersey Automobile Reparation Reform Act, commonly known as the "No-Fault Act," N.J.S.A. 39:6A-1 et seq., the Township of Lawrence self-insurance program's personal injury protection benefits shall be as follows:
(1) 
Limited to the "medical benefits only" option as authorized and described in N.J.S.A. 39:6A-4.3, Subdivision (e), with a limit of $15,000 per person per accident, and shall exclude the benefits described in N.J.S.A. 39:6A-4, Subdivisions (b) (income continuation), c (essential services), d (death) and e (funeral expenses).
(2) 
Medical expense benefits shall be subject to a deductible of $2,500 for one accident as authorized and described under N.J.S.A. 39:6A-4.3, Subdivision (a).
(3) 
Medical expense benefits shall be subject to a copayment of 20% in accordance with N.J.S.A. 39:6A-4.3, Subdivision (d).
[Amended by Ord. No. 1819-04]
The Township of Lawrence elects the basic tort option specified under N.J.S.A. 39:6A-8, Subdivision a.
[Amended by Ord. No. 1819-04]
A. 
Any person who suffered personal injuries or death as a result of the following conduct.
(1) 
While committing a high misdemeanor or felony or seeking to avoid lawful apprehension or arrest by a Police Officer.
(2) 
Was occupying or operating an automobile without the permission of the owner or other named insured.
[Amended by Ord. No. 1819-04]
This section adopts and incorporates herein the definitions and provisions as contained in N.J.S.A. 17:28-1 et seq., modified by the limitations as follows:
A. 
The Township of Lawrence self-insurance program (the uninsured motorists coverage) shall be in the amounts of the statutory minimums of $15,000, exclusive of interest and costs, on account of injury to or death of one person in any one accident and of $30,000, exclusive of interest and costs, on account of injury to or death of more than one person in any one accident.
B. 
The Township of Lawrence self-insurance program (the underinsured motorists coverage) shall be limited to the amount of $15,000, exclusive of interest and costs, on account of injury to or death of one person in any one accident and shall be limited to $30,000, exclusive of interest and costs, on account of injury to or death of more than one person in any one accident.
[Amended by Ord. No. 1819-04]
The fund has been created for the purpose of meeting losses or damages occasioned by fire, or otherwise and for, liability claims or workers compensation claims, employer's liability claims (other than motor vehicle), property damages claims (including automobile physical damage), and automobile liability claims. This fund will be used when all funds have been exhausted in the insurance appropriation in the Municipal Budget.