[Adopted 12-29-79 as Ord. No. 0-31-79 as Art. I of Ch. 11A of the 1970 Code of the Township of
Winslow]
Pursuant to P.L. 1978, c. 184, a municipality may adopt an ordinance regulating the payment
of an insurance claim in excess of two thousand five hundred dollars
($2,500.).
No insurance company authorized to issue fire insurance policies
in this state shall pay any claim in excess of two thousand five hundred
dollars ($2,500.) on any real property located within the Township
of Winslow pursuant to any fire insurance policy issued or renewed
after the adoption of this Article and after the filing of said Article
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.
The governing body may enter into an agreement with the owner
of any fire-damaged property to permit said owner to pay in full all
delinquent taxes or municipal liens by installments if said governing
body is satisfied that the claim for fire damage is to be used to
restore or improve the fire-damaged property.