Bill
Bill > S2293
NJ S2293
NJ S2293Requires automobile insurance policies to provide uninsured and underinsured motorist coverage equal to policy liability limits of insured motorists.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill requires automobile insurance policies to provide uninsured and underinsured motorist coverage that is equal to the liability limits of the policy. Specifically, the bill requires that uninsured and underinsured motorist coverage amounts or limits be equal to the motor vehicle liability policy limits covering bodily injury, death, and property damage. Currently, a policyholder may set an amount or limit to their uninsured and underinsured motorist coverage that is below their motor vehicle liability policy limits covering bodily injury, death, and property damage.
AI Summary
This bill requires automobile insurance policies to provide uninsured and underinsured motorist coverage that is equal to the liability limits of the policy. Specifically, the bill mandates that the uninsured and underinsured motorist coverage amounts or limits be equal to the motor vehicle liability policy limits covering bodily injury, death, and property damage. Currently, a policyholder may set an amount or limit to their uninsured and underinsured motorist coverage that is below their motor vehicle liability policy limits.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 01/09/2024)
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/2024/S2293 |
| BillText | https://pub.njleg.gov/Bills/2024/S2500/2293_I1.HTM |
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