New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 14A - CARNIVAL-AMUSEMENT RIDES
Subchapter 2 - GENERAL ADMINISTRATIVE PROVISIONS
Section 5:14A-2.9 - Insurance, bond or other security
Universal Citation: NJ Admin Code 5:14A-2.9
Current through Register Vol. 56, No. 18, September 16, 2024
(a) No person shall operate a ride without:
1. A
policy of insurance written on a per occurrence basis in an amount not less
than $ 1,000,000 per occurrence insuring the owner against liability for injury
suffered by persons riding the amusement ride; or
2. A bond in like amount; provided, however,
that the appropriate liability of the surety under such bond shall not exceed
the face amount thereof. The bond shall be in such form and content as to be
acceptable to the Department of Banking and Insurance.
(b) The policy shall be issued by one or more insurers acceptable to the Commissioner of Banking and Insurance, and shall be either
1. Licensed to write insurance in the
State of New Jersey; or
2. Approved
as surplus lines insurers pursuant to section 11 of P.L. 1960, c.32, the
"Surplus Lines Law."
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