Bill
Bill > S471
NJ S471
Eliminates certain personal injury protection options available under standard automobile insurance policies; requires $250,000 of medical expense benefits under standard and basic automobile insurance policies.
summary
Introduced
01/11/2022
01/11/2022
In Committee
06/20/2022
06/20/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill requires all standard and basic automobile insurance policies to provide $250,000 of personal injury protection for medical expense benefits. Under current law, the standard automobile policy provides a number of different coverage options and the opportunity to buy additional protection. One option allows drivers to purchase medical expense benefits in the amounts of $250,000, $150,000, $75,000, $50,000 or $15,000 per person per accident. This bill eliminates the option to purchase medical expense benefits in those amounts, and instead provides that all standard policies will include $250,000 of medical expense benefits. This bill provides that all basic policies must include $250,000 of personal injury protection per person per accident for medical expense benefits. Under current law, basic policies must provide $15,000 per person per accident, except that, medical expense benefits shall be paid in an amount not to exceed $250,000 under certain circumstances.
AI Summary
This bill requires all standard and basic automobile insurance policies to provide $250,000 of personal injury protection for medical expense benefits. Under current law, standard automobile policies offer various medical expense benefit options, including $250,000, $150,000, $75,000, $50,000, or $15,000 per person per accident. This bill eliminates those options and mandates the $250,000 level for all standard policies. It also requires basic policies to include $250,000 of personal injury protection per person per accident for medical expense benefits, whereas current law only requires $15,000 with the potential for higher benefits in certain circumstances.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Reported from Senate Committee, 2nd Reading (on 06/20/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S471 |
BillText | https://pub.njleg.gov/Bills/2024/S0500/471_I1.HTM |
Analysis - Statement SCM 6/20/22 | https://pub.njleg.gov/Bills/2022/S0500/471_S1.PDF |
Analysis - Technical Review Of Prefiled Bill | https://pub.njleg.gov/Bills/2022/S0500/471_T1.PDF |
BillText | https://pub.njleg.gov/Bills/2022/S0500/471_I1.HTM |
Bill | https://pub.njleg.gov/Bills/2022/S0500/471_I1.PDF |
BillText | https://www.njleg.state.nj.us/Bills/2022/S0500/471_I1.HTM |
Bill | https://www.njleg.state.nj.us/Bills/2022/S0500/471_I1.PDF |
Loading...