Loading chat...
NJ S2254
Bill
Status
1/9/2024
Primary Sponsor
Nicholas Scutari
Click for details
AI Summary
-
Repeals New Jersey's compulsory no-fault automobile insurance system (P.L.1972, c.70) and eliminates the basic and special automobile insurance policy options
-
Increases minimum bodily injury liability coverage from $15,000/$30,000 to $100,000/$200,000 (per person/per accident), while maintaining the $5,000 property damage minimum
-
Makes uninsured and underinsured motorist coverage mandatory at limits equal to the insured's liability coverage, with a $500 deductible for property damage claims
-
Eliminates the "take-all-comers" law requiring insurers to cover all qualifying drivers and removes mandatory arbitration for certain automobile insurance claims in courts
-
Takes effect 180 days after enactment, with all inconsistent provisions of existing law repealed and superseded
Legislative Description
Repeals no-fault automobile insurance law and requires mandatory liability insurance law for motor vehicles.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/9/2024