This chapter implements the provisions of P.L. 2022, c.92, requiring
business owners, owners of rental units, and owners of owner-occupied
multifamily units to maintain certain liability insurance minimums,
and requiring the creation of a municipal business insurance registry.
Upon satisfaction of the registration requirements in §
105-3, the Township Clerk or the Clerk's designee shall issue a certificate of registration to the owner. This certificate of registration shall act as proof of compliance with this chapter. A certificate of registration shall be valid for the calendar year expiring December 31 of each licensed year.
If an owner fails to maintain the required level of insurance
or fails to file annual registration, the Township may impose a fine
against the owner of not less than $500 but no more than $5,000 by
way of summary proceeding pursuant to N.J.S.A. 2A:58-10.