New Jersey § 45:21-3

§ 45:21-3.

Such policy of insurance shall provide a limit of liability on the part of the insurer,

exclusive of court costs and the expenses of investigating and defending suits, for

each motor vehicle covered thereby, in the sum of $10,000.00 for bodily injury to

or death of any 1 person, and, subject to the same limit of liability for each person

so injured or killed, in the sum of $20,000.00 for bodily injury to or death of more

than 1 person in any 1 accident, and for damage to property in the sum of $5,000.00;

and shall provide for the payment, subject to the aforesaid limits of liability, of

any final judgment recovered by any person on account of the ownership, maintenance

and use of such motor vehicle by either the owner or the lessee or bailee, his agent

or servant, or any fault in respect thereto, and shall be for the benefit of any person

suffering loss, damage or injury as aforesaid. Such policy of insurance shall contain a provision for a continuing liability thereunder,

subject to the aforesaid limits of liability, notwithstanding any recovery thereon,

and shall further provide that nothing contained therein, nor the violation of any

of the provisions thereof, shall relieve the insurer, within the limit of liability

aforesaid, from the payment of any such judgment; but this provision shall not, as

between the insurer and the assured, affect the rights given by the policy to the

insurers against the assured because of any such violation or otherwise. The provisions of this chapter, so far as may be requisite, shall be read into and

deemed to form a part of any such policy.