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NJ S3717
Bill
Status
10/7/2024
Primary Sponsor
Robert Singer
Click for details
AI Summary
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Prohibits automobile insurers from raising insurance rates or assigning higher-risk rating plans for drivers involved in motor vehicle accidents where they were deemed not at fault by their insurer
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Amends existing New Jersey insurance underwriting law (P.L.1997, c.151) to add not-at-fault accident status to the list of factors that cannot be used against policyholders
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Insurers who knowingly fail to follow underwriting rules face fines of at least $1,000 per violation
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Takes effect 90 days after enactment and applies to automobile insurance policies initiated or renewed after that date
Legislative Description
Prohibits automobile insurers from using underwriting rules to raise automobile insurance rates on persons deemed not at fault in motor vehicle accidents.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
10/7/2024