Senate Commerce Committee Statement - Senate Bill No. 111 (State of New Jersey, October 22, 2020)

Summary

A Senate Commerce Committee statement of the State of New Jersey, dated October 22, 2020, reporting Senate Bill No. 111 favorably. The bill prohibits automobile insurers from assigning an insured or prospective insured to a rating tier based on the person's educational level; employment, trade, business, occupation or profession; or credit score or any information derived from a credit report, and the statement notes that the bill was pre-filed for the 2020-2021 session and includes the changes required by technical review.

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     SENATE COMMERCE COMMITTEE

                   STATEMENT TO

                  SENATE, No. 111

 STATE OF NEW JERSEY
                   DATED: OCTOBER 22, 2020

   The Senate Commerce Committee reports favorably Senate Bill
No. 111.
    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.
    This bill was pre-filed for introduction in the 2020-2021 session
pending technical review. As reported, the bill includes the changes
required by technical review, which has been performed.


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