Senate Commerce Committee Statement to Senate, No. 4031 — State of New Jersey (December 6, 2021)

Summary

The Senate Commerce Committee of the State of New Jersey, in a statement dated December 6, 2021, reports favorably Senate Bill No. 4031. The bill provides that an architect must disclose to any other party to a contract for architectural services the type of professional liability insurance the architect carries, before the parties enter into an agreement. Any architect entering into a public contract for architectural services must carry errors and omissions insurance. The bill is identical to Assembly Bill No. 953.

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SENATE COMMERCE COMMITTEE

STATEMENT TO

SENATE, No.
4031

STATE
OF NEW JERSEY

DATED: DECEMBER
6, 2021

The Senate Commerce Committee reports favorably Senate
Bill No. 4031.

This
bill provides that an architect shall disclose to any other party to a contract
for architectural services the type of professional liability insurance carried
by the architect. The disclosure shall be made prior to the parties entering
into an agreement for architectural services.

In
addition, the bill requires that any architect entering into a public contract
for architectural services is required to carry errors and omissions insurance.

As
reported, this bill is identical to Assembly Bill No. 953, as also reported by
the committee.

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