New Jersey § 39:6-27

§ 39:6-27.

The license and registration and nonresident's operating privilege suspended as provided

in section three of this act 1 shall remain so suspended and shall not be renewed nor shall any such license or

registration be issued to such person until: (a) such person shall deposit or there shall be deposited on his behalf the security

required under said section 3 of this act; or (b) one year shall have elapsed following the date of such suspension and evidence

satisfactory to the director has been filed with him that during such period no action

for damages arising out of the accident has been instituted; or (c) evidence satisfactory to the director has been filed with him of a release from

liability, or a final adjudication of nonliability, or a duly acknowledged written

agreement, in accordance with section 4(d) of P.L.1952, c. 173 ( C. 39:6-26 ) and with respect to an automobile required to have coverage for personal injury

protection benefits pursuant to P.L.1972, c. 70 2 has filed evidence satisfactory to the director that he has also met the additional

requirements of section 4(d) of P.L.1952, c. 173 ( C. 39:6-26 ) pertaining to such automobile; provided, however, in the event there shall be any

default in the payment of any installment under any duly acknowledged written agreement,

then, upon notice of such default, the director shall forthwith suspend the license

and registration or nonresident's operating privilege of such person defaulting which

shall not be restored unless and until (1) such person deposits and thereafter maintains security as required under said

section 3 of this act in such amount as the director may then determine; or (2) one year shall have elapsed following the date when such security was required

and during such period no action upon such agreement has been instituted in a court

in this State. Subsections 5(b) and 5(c)(1) of this section shall not apply to amounts in reimbursement

of the Unsatisfied Claim and Judgment Fund which remain unpaid after 1 year. 1

N.J.S.A. § 39:6-25. 2

N.J.S.A. §§ 36:6A-1 to 36:6A-18.