Senate Commerce Committee Statement to Senate, No. 111 — State of New Jersey (October 22, 2020)
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“Senate Commerce Committee Statement to Senate, No. 111 — State of New Jersey (October 22, 2020).”
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SENATE COMMERCE COMMITTEE STATEMENT TO SENATE, No. 111 STATE OF NEW JERSEY DATED: OCTOBER 22, 2020 The Senate Commerce Committee reports favorably Senate Bill No. 111. This bill prohibits automobile insurers from assigning an insured or prospective insured to a rating tier based upon that person’s: (1) educational level; (2) employment, trade, business, occupation or profession; or (3) credit score, or any information derived from an insured’s credit report. This bill was pre-filed for introduction in the 2020-2021 session pending technical review. As reported, the bill includes the changes required by technical review, which has been performed.
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