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Senate Commerce Committee Statement to Senate, No. 1558 (October 22, 2020)

Summary

A statement of the Senate Commerce Committee to the Senate on Senate Bill No. 1558 of the State of New Jersey, dated October 22, 2020. The committee reports the bill favorably. The bill provides that an insurer that receives a written request from an attorney admitted to practice in this State for disclosure of the policy limits under a private passenger automobile insurance policy shall provide written disclosure within 30 days from receipt of the request. It states that disclosure of policy limits does not constitute an admission that the alleged injury or damage is subject to the policy. The Department of Banking and Insurance is required to publish insurer contact details on its website, a provision taking effect on the 60th day next following enactment.

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“Senate Commerce Committee Statement to Senate, No. 1558 (October 22, 2020).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2020-10-22-scm-s1558-s1-ad73501a12/, SHA-256 ca6b98187598324f7c608e274f349c22c9ba2d390480c5f3a2b47d4872144411.

Full text

     SENATE COMMERCE COMMITTEE

                    STATEMENT TO

                  SENATE, No. 1558

 STATE OF NEW JERSEY
                   DATED: OCTOBER 22, 2020

   The Senate Commerce Committee reports favorably Senate Bill
No. 1558.
   This bill provides that an insurer who receives certain requests,
from attorneys admitted to the practice of law in this State, for
disclosure of the policy limits under a private passenger automobile
insurance policy issued by the insurer to an insured, shall provide
written disclosure of the policy limits to the attorney within 30 days
from receipt of the request. The disclosure shall indicate the limits
of all private passenger automobile insurance policies and any
applicable umbrella or excess liability insurance policies issued by
the insurer to the insured.
   The bill provides that a request for disclosure of policy limits
shall be in writing and shall include:
   (1) a statement that the attorney represents an individual who
has suffered bodily injury or death alleged to be caused by a motor
vehicle accident with an insured under a private passenger
automobile insurance policy issued by the insurer;
   (2) the name and last known address of the insured;
   (3) the date and approximate time of the motor vehicle accident;
and
   (4) a copy of the accident report, if available, relating to the
motor vehicle accident
   Under the bill, disclosure of policy limits does not constitute an
admission that the alleged injury or damage is subject to the policy,
and information concerning the insurance policy is not admissible
as evidence at trial by reason of disclosure pursuant to the bill.
   The Department of Banking and Insurance is required to publish
on its website the email address of each insurer, which shall be
supplied by each insurer issuing private passenger automobile
policies in this State, for the purpose of receiving requests for
policy limit disclosures. This provision takes effect on the 60th day
next following enactment of the bill.

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