45:22-5. Pawnbroker must be insured
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/nj/title-45/chapter-22/45-22-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each pawnbroker licensed pursuant to the provisions of this article shall be required by the commissioner of banking and insurance to furnish proof that he is adequately covered by insurance, bond or cash surplus to cover any pledgor in the event of loss by fire, theft, burglary or otherwise, or his liability to the pledgor.