Senate Commerce Committee Statement to Assembly, No. 3605 (1R) — State of New Jersey (May 13, 2021)

Summary

A Senate Commerce Committee statement to Assembly, No. 3605 [First Reprint], State of New Jersey, dated May 13, 2021. The committee reports the bill favorably. The statement says the bill prohibits any insurer from charging a fee to furnish tangible printed or paper bills or notices for insurance policies, including automobile, homeowners, and individual life and health policies, and bars the State Health Benefits Commission and School Employees' Health Benefits Commission from charging such a fee. It adds that the bill does not prohibit an insurer from offering a discount, credit or other incentive for selecting a billing, payment or notification option, and that as reported it is identical to Senate Bill No. 2089 as amended.

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SENATE COMMERCE COMMITTEE

STATEMENT TO

[First Reprint]

ASSEMBLY,
No. 3605

STATE
OF NEW JERSEY

DATED: MAY 13,
2021

The Senate Commerce Committee reports favorably
Assembly Bill No. 3605 (1R).

This bill prohibits any insurer from charging a fee to
furnish tangible printed or paper bills or notices, with respect to any
insurance policy, to an insured or other owner of that policy. Insurance
policies referred to under the bill include automobile insurance policies,
homeowners policies, individual life and health insurance policies. In
addition, the bill prohibits the State Health Benefits Commission and School
Employees’ Health Benefits Commission from charging a fee to furnish tangible
printed or paper bills or notices to any member of the State Health Benefits
Program or the School Employees’ Health Benefits Program.

This bill ensures that an insured, or other owner of
the policy, will not be charged an additional fee if the insured or other owner
of the policy elects to receive tangible printed or paper bills or notices in
place of digital access to the same. The bill does not prohibit an insurer from
offering a discount, credit, or other incentive to an insured for selecting a specific
billing, payment, or notification option.

As reported, this bill is identical to Senate Bill No.
2089 as amended and reported by the committee.

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