New Jersey A4570 prohibits insurers from raising rates for drivers not at fault in accidents.

New Jersey A4570 prohibits automobile insurers from increasing rates for drivers not at fault in accidents. The bill mandates insurers to disclose any adverse rerating of an automobile insurance policy, including the basis for the insurer’s at-fault determination and the specific impact on the policy. Insurers are also required to certify that revised underwriting rules are revenue neutral. The Commissioner of Banking and Insurance must establish standards for determining which accidents are “at-fault accidents” and create a schedule of automobile insurance eligibility points.

New Jersey A4570 prohibits insurers from raising rates for drivers not at fault in accidents.

New Jersey A4570 prohibits automobile insurers from increasing rates for drivers not at fault in accidents. The bill mandates insurers to disclose any adverse rerating of an automobile insurance policy, including the basis for the insurer’s at-fault determination and the specific impact on the policy. Insurers are also required to certify that revised underwriting rules are revenue neutral. The Commissioner of Banking and Insurance must establish standards for determining which accidents are “at-fault accidents” and create a schedule of automobile insurance eligibility points.