Senate Commerce Committee Statement to Senate, No. 1325 — State of New Jersey (February 5, 2024)

Summary

A Senate Commerce Committee statement to the Senate on Senate Bill No. 1325, State of New Jersey, dated February 5, 2024, reporting the bill favorably. The bill authorizes delivery of notices and documents relating to portable electronics insurance by electronic mail. Insurers must stop using electronic mail and use another delivery method if they have a reasonable basis to believe a notice was not received by the enrolled customer or vendor, or learn that the electronic mail address provided is no longer valid. The statement quotes the current law definition of "portable electronics insurance" as coverage for the repair or replacement of portable electronics.

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SENATE COMMERCE COMMITTEE

STATEMENT TO

SENATE, No.
1325

STATE
OF NEW JERSEY

DATED: FEBRUARY
5, 2024

The Senate Commerce Committee reports favorably Senate
Bill No. 1325.

This
bill authorizes the delivery of notices and documents relating to portable
electronics insurance by electronic mail. Pursuant to the bill, portable
electronics insurers are required to cease delivering by electronic mail any
notice or other document and deliver the notice or document by another delivery
method if:

(1) the
insurer attempts to deliver by electronic mail a notice or other document and
has a reasonable basis to believe that the notice or other document was not
received by the enrolled customer or vendor, as applicable; or

(2) the
insurer becomes aware that the electronic mail address provided by the enrolled
customer or vendor, as applicable, is no longer valid.

Under
current law, “portable electronics insurance” means insurance providing coverage
for the repair or replacement of portable electronics which may provide
coverage for portable electronics against any one or more of the following
causes of loss: loss; theft; inoperability due to mechanical failure;
malfunction; damage; or other similar causes of loss.

This bill was pre-filed for introduction in the
2024-2025 session pending technical review. As reported, the bill includes the
changes required by technical review, which has been performed.

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