New Jersey S3367 mandates liability insurance coverage for special automobile insurance policies.

New Jersey S3367 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, with a limit of $5,000. Additionally, the policy must insure against loss resulting from liabilities imposed by law for property damages, also with a limit of $5,000. The bill specifies that these policies will be offered only to individuals who qualify for and are actively covered by designated government subsidized programs in the state.

New Jersey S3367 mandates liability insurance coverage for special automobile insurance policies.

New Jersey S3367 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, with a limit of $5,000. Additionally, the policy must insure against loss resulting from liabilities imposed by law for property damages, also with a limit of $5,000. The bill specifies that these policies will be offered only to individuals who qualify for and are actively covered by designated government subsidized programs in the state.