New Jersey Statutes

§ 48:16-3 — Insurance; amount; criminal history record background check.

New Jersey·Title 48 PUBLIC UTILITIES
48:16-3. No such consent shall become effective until the provisions of subsections a. and b. of this section have been satisfied: a. The owner of the autocab shall have filed with the clerk of the municipality in which such operation is permitted, an insurance policy which shall be issued by an admitted insurance company duly licensed to transact business under the insurance laws of this State or a company registered to do business in the State, the policy providing for not less than $1.5 million to satisfy all claims for damages, by reason of bodily injury to, or the death of, any person or persons, resulting from, or on account of, an accident, by reason of the ownership, operation, maintenance, or use of such autocab upon any public street; and to satisfy any claim for damages to prope

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