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Bill > S472
NJ S472
NJ S472Lowers minimum amount of uninsured and underinsured motorist coverage for transportation network companies and transportation network company drivers.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill lowers the minimum amount of uninsured and underinsured motorist coverage required to be maintained by a transportation network company driver, a transportation network company, or any combination of the two whenever a transportation network company driver is providing a prearranged ride. Under the bill, the required coverage would be lowered from $1,500,000 to (1) an amount or limit of $25,000 for plans issued or renewed on or after January 1, 2023 but prior to January 1, 2026, and $35,000 for plans issued or renewed on or after January 1, 2026, exclusive of interest and costs, on account of injury to, or death of, one person, in any one accident; (2) an amount or limit, subject to such limit for any one person so injured or killed, of $50,000 for plans issued or renewed after January 1, 2023 but prior to January 1, 2026, and $70,000 for plans issued or renewed after January 1, 2026, exclusive of interest and costs, on account of injury to or death of, more than one person, in any one accident; and (3) an amount or limit of $25,000, exclusive of interest and costs, for damage to property in any one accident for plans issued or renewed after January 1, 2023.
AI Summary
This bill lowers the minimum amount of uninsured and underinsured motorist coverage, which protects drivers and passengers when the at-fault party has insufficient or no insurance, that transportation network companies (like Uber or Lyft) and their drivers must carry when providing prearranged rides. Specifically, the required coverage will decrease from $1,500,000 to a tiered amount that starts at $25,000 for injury to one person and $50,000 for multiple injuries per accident, and $25,000 for property damage, for policies issued or renewed between January 1, 2023, and December 31, 2025. For policies issued or renewed on or after January 1, 2026, these amounts will increase to $35,000 for injury to one person, $70,000 for multiple injuries per accident, and $25,000 for property damage. This change aims to adjust the insurance requirements for ride-sharing services.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 01/13/2026)
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/2026/S472 |
| BillText | https://pub.njleg.gov/Bills/2026/S0500/472_I1.HTM |
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