48:16A-3 - Operation of more than one vehicle; blanket insurance; provisions - New Jersey Statutes

48:16A-3.  Operation of more than one vehicle;  blanket insurance; provisions
    If such owner operates more than one vehicle, he may file with the clerk of  the municipality, in lieu of the policy required by section 2 of this act, a  bond or insurance policy of a company duly licensed to transact business under  the insurance laws of this State, in the sum of $105,000.00, which shall be a  blanket insurance covering all vehicles operated by such owner which shall  provide for the payment of any final judgment recovered by any person on  account of the ownership, maintenance and use of any such vehicles or any fault  in respect thereto, and shall be for the benefit of every person suffering  loss, damage or injury as aforesaid.

     L.1965, c. 40, s. 3.