Senate Commerce Committee Statement to Senate, No. 1558 — State of New Jersey (October 22, 2020)

Summary

A Senate Commerce Committee statement to the Senate on Senate Bill No. 1558, State of New Jersey, dated October 22, 2020, reporting the bill favorably. The bill requires an insurer that receives a qualifying written request from an attorney admitted in this State to disclose in writing, within 30 days, the policy limits of private passenger automobile and any umbrella or excess liability policies it issued to an insured. The request must state that the attorney represents an individual who suffered bodily injury or death alleged to be caused by a motor vehicle accident with the insured, and include the accident date and the accident report if available. Disclosure is not an admission of coverage, and the Department of Banking and Insurance must publish each insurer's email address for these requests.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

SENATE COMMERCE COMMITTEE

STATEMENT TO

SENATE, No.
1558

STATE
OF NEW JERSEY

DATED: OCTOBER
22, 2020

The
Senate Commerce Committee reports favorably Senate Bill No. 1558.

This
bill provides that an insurer who receives certain requests, from attorneys
admitted to the practice of law in this State, for disclosure of the policy
limits under a private passenger automobile insurance policy issued by the
insurer to an insured, shall provide written disclosure of the policy limits to
the attorney within 30 days from receipt of the request. The disclosure shall
indicate the limits of all private passenger automobile insurance policies and
any applicable umbrella or excess liability insurance policies issued by the
insurer to the insured.

The
bill provides that a request for disclosure of policy limits shall be in
writing and shall include:

(1) a
statement that the attorney represents an individual who has suffered bodily
injury or death alleged to be caused by a motor vehicle accident with an
insured under a private passenger automobile insurance policy issued by the
insurer;

(2) the
name and last known address of the insured;

(3) the
date and approximate time of the motor vehicle accident; and

(4) a
copy of the accident report, if available, relating to the motor vehicle
accident

Under
the bill, disclosure of policy limits does not constitute an admission that the
alleged injury or damage is subject to the policy, and information concerning
the insurance policy is not admissible as evidence at trial by reason of
disclosure pursuant to the bill.

The
Department of Banking and Insurance is required to publish on its website the
email address of each insurer, which shall be supplied by each insurer issuing
private passenger automobile policies in this State, for the purpose of
receiving requests for policy limit disclosures. This provision takes effect
on the 60th day next following enactment of the bill.

File and source

File

2020-10-22_SCM_S1558_S1.htm

Size

6,721 bytes

SHA-256

66ff05c818d49336677aff18e3c0414049a55066200a962c91576c44dd1bc4c7

Our copy

2020-10-22_SCM_S1558_S1.htm

Original

No public link identified.