Bill > A1761

This bill prohibits motor vehicle liability insurance policies from restricting the full payment of recovery amounts under a covered person's policy. Specifically, it states that such policies cannot limit the amount that can be recovered by a named insured, listed driver, or resident relative in the named insured's household to less than the maximum recovery limit provided in the policy for bodily injury liability, property damage liability, and uninsured and underinsured motorist coverage. The bill also requires insurers that restrict the recovery amount for persons other than the above-mentioned individuals to prominently disclose that information on the policy declaration page. The bill takes effect 180 days after enactment and applies to policies initiated or renewed on or after that date.

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https://www.njleg.state.nj.us/bill-search/2022/A1761