Bill
Bill > S2841
NJ S2841
NJ S2841Raises minimum amount of liability coverage for commercial motor vehicles and autocabs.
summary
Introduced
06/09/2022
06/09/2022
In Committee
06/20/2022
06/20/2022
Crossed Over
01/08/2024
01/08/2024
Passed
01/08/2024
01/08/2024
Dead
Signed/Enacted/Adopted
01/16/2024
01/16/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Raises minimum amount of liability coverage for commercial motor vehicles and autocabs.
AI Summary
This bill raises the minimum amount of liability coverage for commercial motor vehicles and autocabs. Specifically, it increases the minimum liability coverage to $1.5 million for commercial motor vehicles and autocabs, and establishes a lower minimum of $300,000 for commercial motor vehicles with a gross vehicle weight rating of 10,001 to 26,000 pounds. The bill also requires insurers to notify policyholders when their policy limits have been increased to meet the new minimum requirements.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Approved P.L.2023, c.276. (on 01/16/2024)
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/S2841 |
| Analysis - Statement Assembly 1/8/24 1R | https://pub.njleg.gov/Bills/2022/S3000/2841_S3.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S3000/2841_R2.HTM |
| BillText | https://pub.njleg.gov/Bills/2022/S3000/2841_R1.HTM |
| Analysis - Statement Senate 12/21/23 | https://pub.njleg.gov/Bills/2022/S3000/2841_S2.PDF |
| Analysis - Statement SCM 6/20/22 | https://pub.njleg.gov/Bills/2022/S3000/2841_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S3000/2841_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/S3000/2841_I1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S3000/2841_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S3000/2841_I1.PDF |
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