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Code · New Jersey · Title 32 — Motor Vehicles · Chapter 11D

32:11D-96. Insurance

77 words·~1 min read·/nj/title-32/chapter-11d/32-11d-96

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The commission may self-insure or purchase insurance and pay the premiums therefor against loss or damage to any of its properties; against liability for injury to persons or property; and against loss of revenue from any cause whatsoever. Such insurance coverage shall be in such form and amount as the commission may determine, subject to the requirements of any agreement arising out of the issuance of bonds by the commission.
L.1961, c. 13, p. 83, s. 14.10.
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