New Jersey S2034 establishes the "Pet Insurance Act" to regulate pet insurance policies, ensuring consumer protections and clear disclosures.

New Jersey S2034, the "Pet Insurance Act," creates a comprehensive legal framework for pet insurance within the state. The bill mandates that pet insurers clearly disclose policy exclusions, benefit schedules, and waiting periods. It prohibits insurers from applying waiting periods to policy renewals and requires insurers to prove preexisting condition exclusions. Additionally, the bill mandates that wellness programs be clearly differentiated from insurance policies to prevent consumer confusion.

New Jersey S2034 establishes the "Pet Insurance Act" to regulate pet insurance policies, ensuring consumer protections and clear disclosures.

New Jersey S2034, the "Pet Insurance Act," creates a comprehensive legal framework for pet insurance within the state. The bill mandates that pet insurers clearly disclose policy exclusions, benefit schedules, and waiting periods. It prohibits insurers from applying waiting periods to policy renewals and requires insurers to prove preexisting condition exclusions. Additionally, the bill mandates that wellness programs be clearly differentiated from insurance policies to prevent consumer confusion.