New Jersey Insuring A Pawnbroker
Added January 17th, 2014 · Updated January 21st, 2014
New Jersey Statutes Annotated
Title 45. Professions and Occupations (Refs & Annos)
Subtitle 2. Occupations Subject to Other Regulation
Chapter 22. Pawnbrokers and Dealers in Secondhand Goods (Refs & Annos)
Article 1. General Provisions
45:22-5. Pawnbroker must be insured
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.
Cite as N.J. Stat. Ann. § 45:22-5
Title 45. Professions and Occupations (Refs & Annos)
Subtitle 2. Occupations Subject to Other Regulation
Chapter 22. Pawnbrokers and Dealers in Secondhand Goods (Refs & Annos)
Article 1. General Provisions
45:22-5. Pawnbroker must be insured
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.
Cite as N.J. Stat. Ann. § 45:22-5
Laws change and requirements vary by state. This is general information and may be out of date. Check the official state sources, or ask a lawyer, before relying on it.
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