Bill

Bill > A1674


NJ A1674

Prohibits use of education, occupation, and credit score as rating factors in automobile insurance underwriting.


summary

Introduced
01/11/2022
In Committee
01/11/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 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. The bill also prohibits automobile insurers from inquiring of an insured or applicant for insurance, or of a third-party concerning an insured or applicant, as to these factors.

AI Summary

This bill prohibits automobile insurers from using an insured or prospective insured's educational level, employment, occupation, or credit score as factors in determining their insurance rating tier. The bill also prohibits insurers from inquiring about these factors when evaluating an insured or applicant. This aims to prevent insurers from using these non-driving related characteristics to set automobile insurance rates.

Committee Categories

Business and Industry

Sponsors (9)

Last Action

Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 01/11/2022)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...