Bill
Bill > A1474
NJ A1474
NJ A1474Prohibits use of gap in automobile insurance coverage as rating factor in automobile insurance underwriting under certain circumstances.
summary
Introduced
01/09/2018
01/09/2018
In Committee
01/09/2018
01/09/2018
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 Regular Session
Bill Summary
This bill provides that no underwriting rule shall operate in such a manner as to assign a risk to a rating plan on the basis that a previously insured applicant has had a lapse as a named insured under an automobile insurance policy for any period of time.
AI Summary
This bill prohibits automobile insurance companies from using a gap in an applicant's previous automobile insurance coverage as a basis for assigning the applicant to a different rating plan or tier. Specifically, the bill amends existing law to state that no underwriting rule shall operate in a manner that assigns a risk to a rating plan on the basis that a previously insured applicant had a lapse in their automobile insurance policy for any period of time.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 01/09/2018)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2018/Bills/A1500/1474_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/A1500/1474_I1.PDF |
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