[HISTORY: Adopted by the City Council of the City of Cape May 9-21-2004
by Ord. No. 07-2004 (Sec. 2-52 of the 1997 Revised General
Ordinances). Amendments noted where applicable.]
Pursuant to N.J.S.A. 17:36-8, no insurance company shall make payment
to a claimant of any claim in excess of $2,500 for fire damages on any real
property located within the City of Cape May pursuant to any fire insurance
policy issued or renewed after the adoption of this chapter and after filing
of this chapter with the State Commissioner of Insurance, until such time
as all taxes and assessments and all other municipal liens pursuant to N.J.S.A.
54:5-12 shall have been paid either by the owner of such real property or
by the insurance company, or the City submits to the insurance company a copy
of the resolution providing for the installment payment of such municipal
taxes, assessments or other municipal liens or for the redemption of the tax
sale lien by installments.
The official certificate of search, as hereinabove provided for, may
be altered, by the bonded official responsible for preparing such certificates,
in order to correct any errors or omissions or to add any municipal liens
or related charges due and payable subsequent to the preparation of the official
certificates.
A certified copy of this chapter shall be filed by the City Clerk with
the New Jersey Commissioner of Insurance.
