New Jersey Insuring a Pawnbroker

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