Bill
Bill > S1653
NJ S1653
Provides that private passenger automobile insurance rating territories shall not place exposure in territory based on ZIP code under certain circumstances.
summary
Introduced
02/14/2022
02/14/2022
In Committee
02/14/2022
02/14/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Provides that private passenger automobile insurance rating territories shall not place exposure in territory based on ZIP code under certain circumstances.
AI Summary
This bill amends the existing law to provide that private passenger automobile insurance rating territories shall not place exposure in a territory based on ZIP code if the ZIP code crosses a municipal boundary. In such cases, the exposure shall be placed in the territory in which the insured vehicle is garaged. The bill also provides additional requirements for the Commissioner of Banking and Insurance to establish standards governing the establishment of new rating territories, including considerations for traffic density, population density, driver classification, and comparative severity of loss.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 02/14/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S1653 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S2000/1653_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S2000/1653_I1.PDF |
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