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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
In Committee
06/20/2022
Crossed Over
Passed
Dead
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)

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