Senate Commerce Committee Statement to Assembly, No. 3802, State of New Jersey (December 12, 2024)

Summary

The New Jersey Senate Commerce Committee reported Assembly Bill No. 3802 favorably on December 12, 2024. The bill separates certain legal service plans from insurance because they do not require the payment of claims, assumption of risk, or reimbursement or indemnification for legal services.

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“Senate Commerce Committee Statement to Assembly, No. 3802, State of New Jersey (December 12, 2024).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2024-12-12-scm-a3802-s3-54ae3d9747/, SHA-256 b3b927728c7fd8d9645e8ef51da79d8bf0917951f02ae2445a7e2ba1de944302.

Full text

     SENATE COMMERCE COMMITTEE

                    STATEMENT TO

               ASSEMBLY, No. 3802

 STATE OF NEW JERSEY
                   DATED: DECEMBER 12, 2024

    The Senate Commerce Committee reports favorably Assembly Bill
No. 3802.
    This bill differentiates certain legal service plans from traditional
insurance products.
    Under the bill, existing law is modernized by differentiating certain
legal service plans from traditional insurance products. Such legal
service plans are not insurance because they do not require the
payment of claims; assumption of risk; or reimbursement or
indemnification for legal services or expenses.

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