21:2-27 - Indemnity bond - New Jersey Statutes

21:2-27.  Indemnity bond
    The owner or operator of any fireworks plant, within sixty days after demand  therefor in writing by the commissioner of labor, unless exempted therefrom as  hereinafter provided, shall file and keep on file with the department of  banking and insurance of the state, an indemnity bond payable to the state of  New Jersey in such sums as may be determined by the commissioner of labor and  set forth in such demand, not in excess of fifty thousand dollars nor less than  ten thousand dollars, with surety or sureties satisfactory to such department,  conditioned for the payment of all final judgments that may be rendered against  such owner or operator for damages caused to persons and property by reason of  any explosion at such fireworks plant of the product or component part or parts  thereof there manufactured, processed or handled.