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NJ S2372
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Anthony M. Bucco
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AI Summary
- Clarifies that "employee" for workers' compensation purposes means those receiving financial consideration in the form of a salary or wage
- Extends optional workers' compensation coverage to S corporation shareholders who actively perform services for the corporation, allowing them to elect coverage when purchasing or renewing policies
- Requires coverage elections to be made only at policy purchase or renewal, with no withdrawals permitted during the policy term
- Protects insurers and insurance producers from liability for an S corporation's failure to elect shareholder coverage, unless damage results from willful, wanton, or grossly negligent acts
- Takes effect 180 days after enactment and applies to all policies issued on or after that date
Legislative Description
Concerns workers' compensation insurance requirements for certain corporations and partnerships.
Labor
Last Action
Introduced in the Senate, Referred to Senate Labor Committee
1/13/2026
Committee Referrals
Labor1/13/2026
Full Bill Text
No bill text available