Bill > A4942

This bill, the "Pet Insurance Act," establishes a comprehensive legal framework for the sale of pet insurance in the state of New Jersey. It defines key terms such as "preexisting condition," "chronic condition," and "congenital anomaly or disorder," and requires insurers to use these definitions in their policies. The bill also mandates various disclosure requirements, including information about policy exclusions, waiting periods, and the basis for claim payments. It limits the use of preexisting condition exclusions and waiting periods, and prohibits insurers from requiring veterinary examinations for policy renewals. Additionally, the bill regulates the marketing of wellness programs by pet insurers or insurance producers, and requires specific training for insurance producers selling pet insurance products.

Business and Industry

https://www.njleg.state.nj.us/bill-search/2022/A4942