Bill
Bill > A4179
NJ A4179
Prohibits use of education, occupation, and credit score as rating factors in automobile insurance underwriting.
summary
Introduced
06/14/2018
06/14/2018
In Committee
06/14/2018
06/14/2018
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 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 determining their auto insurance rates. The bill also prohibits insurers from inquiring about these factors when evaluating insurance applicants. The purpose of the bill is to prevent insurers from using these characteristics, which may not directly relate to driving risk, as a basis for setting insurance rates.
Committee Categories
Business and Industry
Sponsors (5)
Wayne DeAngelo (D)*,
Jamel Holley (D)*,
Annette Quijano (D)*,
Verlina Reynolds-Jackson (D)*,
Britnee Timberlake (D),
Last Action
Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 06/14/2018)
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/A4500/4179_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/A4500/4179_I1.PDF |
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