New Jersey § 48:16-14

§ 48:16-14.

Except as provided in section 14 of P.L.1999, c. 356 ( C.48:16-22.4 ), no limousine shall be operated wholly or partly along any street in any municipality

until the owner of the limousine shall have filed with the clerk of the municipality

in which the owner has his principal place of business, an insurance policy of a company

duly licensed to transact business under the insurance laws of this State in the sum

of $1,500,000 against loss by reason of the liability imposed by law upon every limousine

owner for damages on account of bodily injury or death suffered by any person as the

result of an accident occurring by reason of the ownership, maintenance or use of

the limousine upon any public street. The insurance company shall supply to the Director of the Division of Motor Vehicles

notice concerning all motor vehicle liability insurance policies canceled for non-payment

and new policies issued after the effective date of P.L.2001, c. 416 ( C.33:1-1 et al.). The notice shall be supplied monthly. After receipt of the notice of cancellation, the division shall notify the owner

of the date the policy was canceled. If the director has not received proof of liability insurance within 30 days of

the date the notification was sent to the owner, the director shall suspend the registration

of the limousine until new proof is supplied that motor vehicle liability insurance

has been secured for the limousine. If the owner fails to provide proof of insurance or surrender the license plates

within 60 days of the date the notification was sent to him by the division, the division

shall suspend the owner's corporation code registration privilege. Such operation shall be permitted only so long as the insurance policy shall remain

in force to the full and collectible amount of $1,500,000. The insurance policy shall provide for the payment of any final judgment recovered

by any person on account of the ownership, maintenance and use of such limousine or

any fault in respect thereto, and shall be for the benefit of every person suffering

loss, damage or injury as aforesaid.