New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 44M - ELEVATOR, ESCALATOR, AND MOVING WALKWAY MECHANICS LICENSING BOARD RULES
Subchapter 5 - PRACTICE REQUIREMENTS
Section 13:44M-5.3 - Actions on the surety bond

Universal Citation: NJ Admin Code 13:44M-5.3

Current through Register Vol. 56, No. 18, September 16, 2024

(a) Any person, partnership, or corporation including any political subdivision of State government who has been injured, aggrieved, or damaged through the failure of a licensed elevator mechanic to perform the duties required by N.J.S.A. 45:14H-1et seq., or this chapter, shall be eligible to receive the financial protection of, and may maintain an action on, the surety bond.

(b) Any restitution to a person, partnership, corporation, or any political subdivision of State government ordered by the Board shall be eligible for the financial protection of the surety bond.

(c) If a bond is used to respond to a claim pursuant to (a) or (b) above, a licensed elevator mechanic shall replenish the bond, so that its sum is $ 10,000 as required by N.J.A.C. 13:44M-2.4.

Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.