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NJ S3134
Bill
Status
1/13/2026
Primary Sponsor
Nicholas Scutari
Click for details
AI Summary
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Prohibits automobile insurers in New Jersey from issuing motor vehicle liability insurance policies unless the individual first consults with a licensed insurance producer before purchase.
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Allows insurers to sell policies through websites without producer consultation if they provide the individual with a cost benefit analysis prior to the sale.
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Directs the Department of Banking and Insurance to adopt rules defining what constitutes a "consultation" and "cost benefit analysis" under this law.
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Excludes the New Jersey Automobile Full Insurance Underwriting Association and residual market mechanisms from these requirements.
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Takes effect immediately upon enactment.
Legislative Description
Requires consultation with insurance producer or provision of cost benefit analysis prior to sale of automobile insurance policy.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/13/2026