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Bill > S2882
NJ S2882
NJ S2882Allows insurer to submit to MVC power of attorney executed electronically for certificate of ownership or salvage certificate of title by person who received or is due to receive total loss settlement from insurer.
summary
Introduced
09/14/2020
09/14/2020
In Committee
06/16/2021
06/16/2021
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill prohibits the New Jersey Motor Vehicle Commission (MVC) from requiring an motor vehicle insurer (insurer), licensed to do business in New Jersey that settles a total loss claim with the owner of a motor vehicle, to submit any document providing a power of attorney with regard to an application to the MVC by the insurer for the transfer of a motor vehicle certificate of ownership to the insurer or a salvage certificate of title for the motor vehicle. Further, the bill prohibits the MVC's Chief Administrator from requiring a notarized signature on a motor vehicle certificate of ownership surrender statement from a person who has received or is due to receive a total loss settlement from an insurer, or on a document authorizing the insurer or insurer's agent to act as power of attorney, in order to obtain a certificate of ownership or a salvage certificate of title.
AI Summary
This bill prohibits the New Jersey Motor Vehicle Commission (MVC) from requiring motor vehicle insurers licensed to do business in New Jersey to submit a power of attorney document when applying for a certificate of ownership or salvage certificate of title for a vehicle after settling a total loss claim with the owner. Additionally, the bill exempts the owner from the requirement to provide a notarized signature on documents related to obtaining a certificate of ownership or salvage certificate of title following a total loss settlement from an insurer.
Committee Categories
Transportation and Infrastructure
Sponsors (2)
Last Action
Substituted by A4521 (2R) (on 06/30/2021)
Official Document
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