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NJ S1404
Bill
Status
Introduced
1/9/2024
Primary Sponsor
Troy Singleton
Click for details
AI Summary
- Expands the definition of "insurance-support organization" to include collecting information about any persons, not just natural persons, for detecting or preventing fraud related to insurance transactions
- Broadens civil immunity protections for sharing information about suspected insurance fraud to cover reports made to insurance commissioners, law enforcement, the National Association of Insurance Commissioners, and other entities performing fraud detection functions
- Extends disclosure allowances for personal and privileged information to include sharing done "in reasonable anticipation of" insurance transactions, not just in direct connection with them
- Provides immunity from civil liability and causes of action of any nature for good faith information sharing related to suspected violations of the New Jersey Insurance Fraud Prevention Act, except when false information is disclosed with malice or willful intent to injure
- Updates statutory definitions to include additional healthcare entities such as health service corporations and dental plan organizations within the scope of "insurance institution"
Legislative Description
Provides refundable gross income tax credit for early principal payments on certain home mortgages.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/9/2024
Committee Referrals
Commerce1/9/2024
Full Bill Text
No bill text available