Senate Commerce Committee Statement to Senate, No. 1385, State of New Jersey (May 18, 2026)

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“Senate Commerce Committee Statement to Senate, No. 1385, State of New Jersey (May 18, 2026).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2026-05-18-scm-s1385-s1-802d71ecf9/, SHA-256 f570c9406b26fff0c43a07c80e674933c183f0e9b87d86eb6c2e331fba142cf6.

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     SENATE COMMERCE COMMITTEE

                   STATEMENT TO

                 SENATE, No. 1385

 STATE OF NEW JERSEY
                      DATED: MAY 18, 2026

    The Senate Commerce Committee reports favorably Senate Bill
No. 1385.
    This bill amends the law concerning reciprocal insurance and
interinsurance contracts. The bill provides that contracts between
subscribers and the attorney in fact, and any fees charged pursuant
to those contracts or arising out of those contracts, are not to be
considered a related party transaction.
    This bill was pre-filed for introduction in the 2026-2027 session
pending technical review. As reported, the bill includes the changes
required by technical review, which has been performed.

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