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  • NJ A5005
  • Transfers $8,000,000 from New Jersey Surplus Lines Insurance Guaranty Fund to General Fund.
Introduced
(6/19/2017)
In Committee
(6/26/2017)
Crossed Over
(6/29/2017)
Passed
(7/4/2017)
Signed
(7/4/2017)
Dead/Failed/Vetoed
2016-2017 Regular Session
This bill transfers $8,000,000 from the New Jersey Surplus Lines Insurance Guaranty Fund (SLIGF) to the General Fund on or before June 30, 2017. The SLIGF provides a safety net for policyholders and claimants of insolvent surplus lines companies by providing statutory benefits to insureds and claimants of such insolvent companies. Surplus lines insurance is insurance coverage that is not available from insurers licensed in the State and which must be purchased from a non-admitted carrier. Since June 25, 2002, the SLIGF only provides benefits to claimants of medical malpractice liability insurance and property insurance covering owner occupied dwellings of less than four dwelling units.
2nd Reading in the Assembly, Bills and Joint Resolutions Signed by the Governor, Budget, Passed both Houses
Approved P.L.2017, c.97.  (on 7/4/2017)
 
 
Date Chamber Action Description
7/4/2017 S Approved P.L.2017, c.97.
7/4/2017 S Passed Senate (Passed Both Houses) (22-12)
7/4/2017 S Substituted for S3328
7/4/2017 S Received in the Senate without Reference, 2nd Reading
6/29/2017 A Passed by the Assembly (72-4-0)
6/26/2017 A Reported out of Assembly Committee, 2nd Reading
6/26/2017 Assembly Budget Hearing (19:00 6/26/2017 A-4432 (1R), A-4784 (1R) and A-5038 are pending referral. * Revi)
6/19/2017 A Introduced, Referred to Assembly Budget Committee
Date Motion Yea Nay Other
Detail 7/4/2017 Senate Floor: Substitute For S3328 (Voice Vote) 0 0 0
Detail 7/4/2017 Assembly Floor: Third Reading - Final Passage 72 4 4
Detail 7/4/2017 Senate Floor: Third Reading - Final Passage 22 12 6
Detail 6/26/2017 Assembly Budget Committee: Reported Favorably 13 0 0