New Jersey A2853 mandates liability insurance coverage for special automobile insurance policies.

New Jersey A2853 requires special automobile insurance policies to include liability insurance coverage. This coverage must insure against loss resulting from liabilities imposed by law for bodily injury or death of one or more persons in an accident, and for property damages. The bill specifies that these policies must also include a death benefit of $10,000 and emergency personal injury protection coverage. The commissioner is tasked with approving the rating system for these policies, ensuring a uniform statewide rate.

New Jersey A2853 mandates liability insurance coverage for special automobile insurance policies.

New Jersey A2853 requires special automobile insurance policies to include liability insurance coverage. This coverage must insure against loss resulting from liabilities imposed by law for bodily injury or death of one or more persons in an accident, and for property damages. The bill specifies that these policies must also include a death benefit of $10,000 and emergency personal injury protection coverage. The commissioner is tasked with approving the rating system for these policies, ensuring a uniform statewide rate.