Bill
Bill > S111
NJ S111
Prohibits use of education, occupation, homeownership status, marital status, or credit score in certain automobile insurance determinations.
summary
Introduced
01/14/2020
01/14/2020
In Committee
01/29/2021
01/29/2021
Crossed Over
01/28/2021
01/28/2021
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill prohibits automobile insurers from assigning an insured or prospective insured to a rating tier based upon that person's: (1) educational level; (2) employment, trade, business, occupation or profession; or (3) credit score, or any information derived from an insured's credit report.
AI Summary
This bill prohibits automobile insurers from assigning an insured or prospective insured to a rating tier based on the person's educational level, employment, occupation, credit score, or other non-driving related factors. The bill aims to prevent insurers from using these factors to determine insurance eligibility or rates, in an effort to make the insurance pricing process more equitable.
Committee Categories
Business and Industry
Sponsors (6)
Nilsa Cruz-Perez (D)*,
Nia Gill (D)*,
Nellie Pou (D)*,
Teresa Ruiz (D)*,
Vin Gopal (D),
Shirley Turner (D),
Last Action
Received in the Assembly, Referred to Assembly Financial Institutions and Insurance Committee (on 01/29/2021)
Official Document
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