Bill
Bill > A1798
NJ A1798
NJ A1798Raises minimum amount of liability coverage for commercial motor vehicles to $1,500,000.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
01/09/2024
01/09/2024
Dead
01/09/2024
01/09/2024
Signed/Enacted/Adopted
01/09/2024
01/09/2024
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill raises the minimum amount of liability coverage for a commercial motor vehicle to $1.5 million. Under the bill, an owner or a registered owner of a commercial motor vehicle will be required to maintain motor vehicle liability insurance coverage of at least $1.5 million to insure against loss resulting from liability imposed by law for bodily injury, death, and property damage.
AI Summary
This bill raises the minimum amount of liability coverage for a commercial motor vehicle to $1.5 million. Under the bill, an owner or registered owner of a commercial motor vehicle will be required to maintain motor vehicle liability insurance coverage of at least $1.5 million to insure against loss resulting from liability imposed by law for bodily injury, death, and property damage. The bill defines a "commercial motor vehicle" as per the existing law.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Withdrawn Because Approved P.L.2023, c.276. (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/A1798 |
| BillText | https://pub.njleg.gov/Bills/2024/A2000/1798_I1.HTM |
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