A.
As required by N.J.S.A. 40A:10A-2, the owner of a business, owner of a rental unit or units, and the owner of a multifamily home of four or fewer units, one of which is owner-occupied, shall annually register the certificate of insurance demonstrating compliance with N.J.S.A. 40A:10A-1 as set forth below.
B.
All business owners and rental unit owners as set forth above shall comply with the insurance requirements pursuant to N.J.S.A. 40A:10A-1 and provide a certificate of insurance as required by statute to the office of the Borough Clerk on an annual basis, which office shall maintain a registry of certificates of insurance filed with it, and each registration shall be accompanied by payment of $25 as an administrative fee for such registration.
C.
Penalty and enforcement: Any business owner who does not comply with this section shall be subject to enforcement of the registration provisions of this section through a summary proceeding pursuant to the Penalty Enforcement Law of 1999, P.L. 1999, c. 274 (N.J.S.A. 2A:58-10 et seq.) of a fine of not less than $500 but no more than $5,000 against an owner who failed to comply with the provisions of this chapter.