NJ S2323

Prohibits motor vehicle liability insurance policies from restricting recovery amounts for insured persons (including named insureds and permissive users) to less than the maximum policy limits for bodily injury, property damage, uninsured/underinsured motorist coverage, and medical payments coverage.

Defines "permissive user" as a person granted permission by the vehicle owner to temporarily operate the vehicle who is not named on the insurance policy.

Requires that when a policy covers multiple vehicles, permissive users receive the coverage limits associated with the specific vehicle they were using when the loss occurred.

Preserves insurers' ability to enforce applicable policy exclusions while ensuring recoveries are limited to actual damages sustained.

Takes effect 90 days after enactment and applies to automobile insurance policies initiated or renewed on or after that date.