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NJ S587
Bill
Status
1/9/2024
Primary Sponsor
Jon Bramnick
Click for details
AI Summary
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Establishes the Office of the New Jersey Consumer Insurance Advocate within the Division of Insurance in the Department of Banking and Insurance, operating independently ("in, but not of" the division)
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The advocate is appointed by the Governor with Senate confirmation for a four-year term and serves at the Governor's pleasure
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Requires the advocate to hold at least a bachelor's degree and have at least five years of experience in property and casualty or life and health insurance, including experience as a broker or agent
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The advocate will represent consumer interests before the State Legislature, Executive and Judicial branches, and political subdivisions on all lines of insurance matters under New Jersey law
Legislative Description
Creates office to advocate for consumers on insurance issues.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/9/2024