2009 New Jersey Code
TITLE 5 - AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS
Section 5:7
5:7-13 - License for race or exhibition;  liability insurance

5:7-13.  License for race or exhibition;  liability insurance
    No license shall be issued for the holding of any motor vehicle race or exhibition of motor vehicle driving skill until the person applying for the license shall have filed with the department evidence satisfactory to it of the  issuance of an insurance policy approved by the department and conditioned, in  the case of a race or exhibition at a track or other place accommodating less  than one thousand people, for the payment of not less than twenty-five thousand  dollars ($25,000.00) to any one person obtaining judgment, and not less than  fifty thousand dollars ($50,000.00) on all judgments recovered, and for the  payment of not less than fifty thousand dollars ($50,000.00) to any one person  obtaining judgment, and not less than one hundred thousand dollars  ($100,000.00) on all judgments recovered, in the case of all other races or  exhibitions, upon a claim or claims arising out of the same transaction or  transactions, connected with the same subject of action (to be apportioned  ratably among judgment creditors according to the amount of their respective  judgments) for damages because of bodily injury, including death at any time  resulting therefrom, caused to any person or persons, other than the driver,  and all pit area personnel as the result of an accident occurring as a result  of the conduct of any motor vehicle race or exhibition of motor vehicle driving  skill, for which the license is granted, under which policy the liability of  the company shall become absolute when loss or damage covered by the policy  occurs, and satisfaction by the insured of a final judgment for the loss or  damage shall not be a condition precedent to the right or duty of said company  to make payment on account of the loss or damage and which policy shall not be cancellable or annulled as to any loss or damage by an agreement between the carrier and the insured after the insured has become responsible for the loss  or damage or in any other event, except on ten days prior notice to the  department.

     L.1953, c. 174, p. 1442, s. 6.