Bill
Bill > S1473
NJ S1473
NJ S1473Revises personal injury protection coverage for basic automobile insurance policies from $15,000 to $20,000 and requires $50,000 minimum personal injury protection coverage for standard automobile liability insurance policies.
summary
Introduced
01/09/2024
01/09/2024
In Committee
02/10/2025
02/10/2025
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
Revises personal injury protection coverage for basic automobile insurance policies from $15,000 to $20,000 and requires $50,000 minimum personal injury protection coverage for standard automobile liability insurance policies.
AI Summary
This bill increases the minimum personal injury protection (PIP) coverage, which pays for medical expenses regardless of fault after a car accident, for basic automobile insurance policies from $15,000 to $20,000 per person per accident. It also mandates a $50,000 minimum PIP coverage for standard automobile liability insurance policies, with a maximum of $250,000 per person per accident. The bill also includes provisions for insurers to automatically increase policy limits to meet these new requirements upon renewal without requiring a new signed coverage selection form from the policyholder.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Reported from Senate Committee with Amendments, 2nd Reading (on 02/10/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S1473 |
| BillText | https://pub.njleg.gov/Bills/2026/S1500/1473_I1.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/S1500/1473_R1.HTM |
| Analysis - Statement SCM 2/10/25 | https://pub.njleg.gov/Bills/2024/S1500/1473_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S1500/1473_I1.HTM |
Loading...