summary
Introduced
11/14/2022
11/14/2022
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
"Pet Insurance Act."
AI Summary
This bill, the "Pet Insurance Act," aims to create a comprehensive legal framework for the sale of pet insurance in the state of New Jersey. It defines key terms related to pet insurance, such as "chronic condition," "congenital anomaly or disorder," and "preexisting condition." The bill requires pet insurers to disclose various policy details, including coverage exclusions, waiting periods, and claim payment calculations. It also sets limits on pet insurers' use of preexisting condition exclusions and waiting periods, and regulates the marketing of wellness programs alongside pet insurance. The bill also establishes training requirements for insurance producers selling pet insurance and gives the Department of Banking and Insurance the authority to enforce penalties for violations of the act.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Reported from Senate Committee with Amendments, 2nd Reading (on 02/16/2023)
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/S3327 |
BillText | https://pub.njleg.gov/Bills/2022/S3500/3327_R1.HTM |
Analysis - Statement SCM 2/16/23 | https://pub.njleg.gov/Bills/2022/S3500/3327_S1.PDF |
BillText | https://pub.njleg.gov/Bills/2022/S3500/3327_I1.HTM |
Bill | https://pub.njleg.gov/Bills/2022/S3500/3327_I1.PDF |
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