§ 192-1. Demolition costs, taxes, and assessments to be paid prior to payment of claims; appeals.

No insurance company authorized to issue fire insurance policies in the State of New Jersey shall pay to a claimant any claim in excess of $2,500 for fire damages on any real property located within the Borough of Netcong pursuant to any fire insurance policy issued or renewed after the adoption of this chapter with the State Commissioner of Insurance, until such time as:

A. 

All demolition costs, taxes, assessments and all other municipal liens or charges due and payable appearing on the official certificate of search for municipal liens pursuant to N.J.S.A. 54:5-12 shall have been paid either by the owner of such real property or by the insurance company; or

B. 

The municipality submits to the insurance company a copy of a resolution adopted pursuant to § 192-2 of this chapter; provided, however, that if an appeal is taken on the amount of any lien or charge, other than an appeal on the assessed valuation of real property pursuant to N.J.S.A. 54:3-21, the insurance company shall withhold 75% of the full amount of the lien or charge being contested pending termination of all proceedings.