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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 (October 22, 2020).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/s111-scm-statement-10-22-20-e2cd98606f/, SHA-256 0fd1ea086e262d7d4232a581e8988dd10145762d3f4d8566afe6417eadd2da0c.

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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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