The purpose of this chapter is to comply with the provisions
of N.J.S.A. 40A:10A-1 et seq., requiring municipalities to administer
an insurance registration program for business and rental unit owners,
requiring annual registration of Certificates of Insurance evidencing
sufficient liability insurance for negligent acts and omissions.
As used herein, the term "Certificate of Insurance" shall refer
to a document issued by an insurance carrier licensed to do business
in the State of New Jersey, which includes: the policyholder's
name; the covered property's address; the policy effective dates;
the type of coverage; the policy limits; and, names of additional
insured parties.
The owner of any business or rental unit located within the
City of Orange Township shall maintain liability insurance for negligent
acts and omissions, in the amounts established under N.J.S.A. 40A:10A-1,
for combined property damage and bodily injury to or death of one
or more persons in any one accident or occurrence.
The owner of any business or rental unit located within the
City of Orange Township shall, no later than January 1 of each calendar
year, register a Certificate of Insurance with the Department of Planning
and Economic Development evidencing compliance with the requirements
of N.J.S.A. 40A:10A-1. The owner of multiple rental units may register
a single Certificate of Insurance only for those units that are located
within the same building.
Initial registration of a Certificate of Insurance for any business
that was opened or any rental unit that was acquired after January
1 shall be required prior to issuance of any required licenses and/or
certificate of occupancy or habitability for the business or rental
unit. Registration for subsequent years shall be due no later than
January 1, notwithstanding the date of initial registration.
An annual administration fee of $25 shall be required for each
Certificate of Insurance registered, and shall be payable to the City
of Orange Township at the time of registration. A late fee of $25
shall apply to annual registrations received after January 1, except
in the case of an initial registration for a business opened or rental
unit acquired after January 1.