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NJ A4251
Bill
Status
Introduced
2/19/2026
Primary Sponsor
Shanique Speight
Click for details
AI Summary
- Creates the "Automobile Accident Injury Fund" within the Department of Banking and Insurance to cover medical costs for individuals injured by stolen vehicles
- Eligibility requires that the automobile was stolen at the time of the accident and that the injured person's medical costs are not covered by their existing health or auto insurance
- Department of Banking and Insurance must establish regulations for the application process and criteria for determining payment amounts
- Payments will be issued regardless of whether the stolen vehicle was properly insured under state law
- Takes effect 180 days after enactment; responds to a 22% increase in auto thefts (14,320 vehicles stolen in 2021) and approximately 700,000 uninsured residents in New Jersey
Legislative Description
Establishes "Automobile Accident Injury Fund."
Financial Institutions and Insurance
Last Action
Introduced, Referred to Assembly Financial Institutions and Insurance Committee
2/19/2026
Committee Referrals
Financial Institutions and Insurance2/19/2026
Full Bill Text
No bill text available