[Adopted 8-6-1981 by Ord. No. 26-81 (Ch.
72 of the 1974 Code); amended in its entirety 7-11-1996 by Ord. No. 96-36]
The provisions of this Article are intended
to be interpreted in conjunction with N.J.S.A. 17:36-8 through N.J.S.A.
17:36-13, and the provisions of said statutes and any amendments thereto
are herein incorporated by reference.
[Adopted 10-27-2022 by Ord. No. 2022-35]
The purpose of this article is comply with the provisions of
P.L. 2022, c. 92 (N.J.S.A. 40A:10A-1 et seq.), hereinafter "Act,"
requiring liability insurance for business owners and rental unit
owners and to annually register the certificate of insurance demonstrating
compliance with the Act with the municipality in which the business,
rental units, or multifamily units are located.
As used in this article, the following terms shall have the
meanings indicated:
CERTIFICATE OF INSURANCE
A document issued by an insurance company licensed to do
business in the State of New Jersey including the policy holder's
name, the address of the covered property, the policy effective and
expiration dates, the type of coverage, the policy limits, the policy
carrier and the names of any additionally insured parties.
The owner of a business or the owner of a rental unit, or units,
within the Township of Lacey shall maintain liability insurance for
negligent acts and omissions for combined property damage and bodily
injury to or death of one or more persons in any one accident or occurrence
in accordance with the requirements of P.L. 2022, c. 92 (N.J.S.A.
40A:10A-1 et seq.), and in the amounts of coverage as set forth therein.
The owner of a business, a rental unit, or rental units located
in the Township of Lacey shall annually, by January 1 of each year,
register a certificate of insurance with the Municipal Clerk demonstrating
compliance with the provisions of P.L. 2022, c. 92 (N.J.S.A. 40A:10A-1
et seq.), for any business, rental units, or multifamily homes.
Registration of a certificate of insurance is subject to a mandatory
administrative fee of $5, payable at the time of registration.