NJ A3255

Expands civil immunity protections for persons who share information related to suspected insurance fraud, including reports made to the Bureau of Fraud Deterrence, Office of the Insurance Fraud Prosecutor, law enforcement, and other authorized entities when done in good faith and without malice.

Broadens the definition of "privileged information" to cover civil or criminal proceedings involving "any person" concerning insurance transactions, rather than only individuals.

Extends information-sharing permissions to allow insurance institutions, agents, and support organizations to disclose personal or privileged information for detecting or preventing fraud "in reasonable anticipation of" insurance transactions, not just in connection with existing transactions.

Updates the definition of "insurance institution" to include health service corporations and dental plan organizations, and modernizes terminology to reference current statutory citations.

Amends remedies provisions so that "persons" (not just "individuals") may recover damages for unauthorized disclosure of information, while maintaining the cap limiting awards to actual damages sustained.