[Added 12-19-2022 by Ord. No. 18-2022]
Pursuant to P.L. 2022, c. 92, any person (as defined in § 107-1 of this chapter) operating a business (as defined in § 107-1 of this chapter), or any person (as defined in § 107-1 of this chapter) owning a rental unit or units, shall be required to maintain liability insurance as follows:
A. 
Except as provided in Subsection B of this section, the owner of a business or the owner of a rental unit or units shall maintain liability insurance for negligent acts and omissions in an amount of no less than $500,000 for combined property damage and bodily injury to or death of one or more persons in any one accident or occurrence.
B. 
The owner of a multifamily home which is four or fewer units, one of which is owner-occupied, shall maintain liability insurance for negligent acts and omissions in an amount of no less than $300,000 for combined property damage and bodily injury to or death of one or more persons in any one accident or occurrence.
A. 
In addition to the registration requirements as set forth in Article I of this chapter, 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, from an insurance company licensed to do business in the State of New Jersey, demonstrating compliance with § 107-1 et seq. of this chapter.
B. 
In addition to any other registration fees as set forth in this chapter, there shall be an administrative fee for the processing of the certificate of insurance required pursuant to this chapter.
C. 
Unless another penalty is expressly provided by New Jersey statute, every person, firm, association or corporation violating any provision of this chapter shall, upon conviction thereof, be subject to the fines and/or penalties as are set forth in § 1-15 of the Code of the Borough of Brooklawn. Each day that a violation occurs shall be deemed a separate and distinct violation subject to the penalty provisions of this chapter. In addition thereto, the Borough may collect, 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.), a fine of not less than $500 but no more than $5,000 against an owner who fails to comply with the provisions of this chapter.