NJ S4149

Prohibits auto insurers from using education level, occupation, or credit history to determine insurance rates, while requiring them to factor in driving record characteristics for underwriting rules

Requires insurers to provide policyholders with detailed explanations of their rating plans, including whether non-driving factors affected premiums, and to make this information available on their websites

Mandates premium reductions for drivers who demonstrate safe driving behavior, with insurers permitted to require telematics systems to qualify for the discount

Requires the Department of Banking and Insurance and Office of the Insurance Fraud Prosecutor to issue joint reports on insurance fraud detection activities every three years, with the first report due within 18 months of enactment

Obligates insurers to share data with state agencies as necessary to facilitate insurance fraud detection and enforcement under the New Jersey Insurance Fraud Prevention Act