Bill
Bill > S2944
NJ S2944
Prohibits use of education, occupation, and credit score as rating factors in automobile insurance underwriting.
summary
Introduced
03/11/2024
03/11/2024
In Committee
03/11/2024
03/11/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill prohibits automobile insurers from assigning an insured or prospective insured to a rating tier based upon that person's: (1) educational level; (2) employment, trade, business, occupation or profession; or (3) credit score, or any information derived from an insured's credit report. The bill also prohibits automobile insurers from inquiring of an insured or applicant for insurance, or of a third-party concerning an insured or applicant, as to these factors.
AI Summary
This bill prohibits automobile insurers from using an insured or applicant's educational level, employment, occupation, or credit score as factors in assigning them to a rating tier or in their underwriting process. The bill also prohibits insurers from inquiring about these factors from the insured, applicant, or any third party. This measure aims to prevent automobile insurance providers from using these non-driving-related factors in their pricing and underwriting decisions.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 03/11/2024)
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/S2944 |
| BillText | https://pub.njleg.gov/Bills/2024/S3000/2944_I1.HTM |
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