Bill
Bill > A3396
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 motor vehicle liability coverage requirement for autocabs. Under current law, the owner of an autocab is required to maintain motor vehicle liability coverage of at least $1.5 million to insure against loss resulting from liability imposed by law for bodily injury, death, and property damage. Under the bill, the owner of an autocab is required to maintain motor vehicle liability coverage of at least $200,000.
AI Summary
This bill lowers the minimum amount of motor vehicle liability coverage required for autocabs, which are vehicles for hire like taxis. Currently, autocab owners must maintain $1.5 million in coverage to protect against damages from bodily injury, death, or property damage. This legislation reduces that requirement to $200,000, making it more affordable for autocab operators to comply with insurance mandates while still providing a significant level of protection for passengers and the public. The bill also clarifies that this new coverage requirement applies to policies initiated or renewed on or after the date the law takes effect.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Financial Institutions and Insurance 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/A3396 |
| BillText | https://pub.njleg.gov/Bills/2026/A3500/3396_I1.HTM |
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