NJ S5027

Prohibits motor vehicle liability insurance policies from providing reduced coverage to permissive users, listed drivers, resident relatives, or passengers compared to the named insured

Requires all covered individuals to receive the maximum bodily injury liability, property damage liability, and uninsured/underinsured motorist coverage available under the policy

Deems any policy to automatically provide maximum coverage limits to all insured individuals, regardless of whether they are specifically named as additional insureds

Applies to automobile insurance policies initiated or renewed on or after the effective date

Takes effect 90 days following enactment