Senate Commerce Committee Statement to Senate No. 480, New Jersey (June 20, 2022)

Summary

The New Jersey Senate Commerce Committee reported Senate Bill No. 480 favorably on June 20, 2022. Insurers could not issue auto liability policies unless the buyer consults an insurance producer, though online sales stay allowed if the insurer first provides a cost benefit analysis.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Cite this document

“Senate Commerce Committee Statement to Senate No. 480, New Jersey (June 20, 2022).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2022-06-20-scm-s480-s1-1f6d6f3eb9/, SHA-256 6be8a3d71f1e92d8d4387775942a9e087d02ad564235a130cbbaddb763e063cf.

Full text

     SENATE COMMERCE COMMITTEE

                    STATEMENT TO

                  SENATE, No. 480

 STATE OF NEW JERSEY
                      DATED: JUNE 20, 2022

   The Senate Commerce Committee reports favorably Senate Bill
No. 480.
   This bill prohibits an automobile insurer from issuing a policy of
motor vehicle liability insurance to an individual unless the
individual consults with an insurance producer about the policy
prior to purchase.
   In addition, the bill permits an insurer to sell a policy of
insurance through an internet website to an individual who has not
consulted with an insurance producer if the insurer provides the
individual with a cost benefit analysis prior to selling the policy of
insurance.
   This bill was pre-filed for introduction in the 2022-2023 session
pending technical review. As reported, the bill includes the changes
required by technical review, which has been performed.

File and source

File: 2022-06-20_SCM_S480_S1.pdf
Size: 6,974 bytes
SHA-256: 6be8a3d71f1e92d8d4387775942a9e087d02ad564235a130cbbaddb763e063cf
Our copy: 2022-06-20_SCM_S480_S1.pdf
Original: No public link identified.