18A:20-31 - Adjustment and payment of losses
18A:20-31.Ā Adjustment and payment of losses
In case of loss incurred by fire or other casualty insured against on any building or contents insured in the municipal insurance fund and not insured inĀ an insurance company, if the loss be total, the commissioners shall pay theĀ whole sum from the fund to the board of education of the district within 60Ā days.Ā If the loss be partial, the sum to be paid shall be fixed and adjustedĀ by a commission of adjustment consisting of a commissioner of the municipalĀ insurance fund, the president of the board of education of the school districtĀ and the presiding officer of the board or body having control of the financesĀ of the city.
Ā
L.1967, c.271.
In case of loss incurred by fire or other casualty insured against on any building or contents insured in the municipal insurance fund and not insured inĀ an insurance company, if the loss be total, the commissioners shall pay theĀ whole sum from the fund to the board of education of the district within 60Ā days.Ā If the loss be partial, the sum to be paid shall be fixed and adjustedĀ by a commission of adjustment consisting of a commissioner of the municipalĀ insurance fund, the president of the board of education of the school districtĀ and the presiding officer of the board or body having control of the financesĀ of the city.
Ā
L.1967, c.271.