[HISTORY: Adopted by the Township Council of the Township of Parsippany-Troy Hills by Ord. No. 91:32. Amendments noted where applicable.]
[Amended 12-20-2005 by Ord. No. 2005:31]
Pursuant to the provisions of N.J.S.A. 17:36-9 (P.L. 1979, c. 369, §2), the Township does hereby prohibit the payment to any claimant, by any insurance company, of any claim in excess of $2,500 for fire damages on any real property located within the municipality pursuant to any fire insurance policy issued or renewed after the adoption of this chapter and the filing of same with the State Commissioner of Insurance, until such time as all taxes and assessments and all other municipal liens or charges due and payable appearing on the official certificate of search shall have been paid either by the owner of the real property or by the insurance company, pursuant to the provisions of N.J.S.A. 17:36-9.
The Township Clerk shall file a copy of this chapter with the Commissioner of Insurance of the State of New Jersey.