New Jersey A1681 mandates an investigation into automobile insurance practices, focusing on premium increases for drivers with license suspensions.
New Jersey A1681 requires the Department of Banking and Insurance to investigate practices of the automobile insurance industry regarding premium increases for drivers with motor vehicle license suspensions, whether related to driving or not. The investigation will also examine the use of credit ratings and addresses in determining premiums. The commissioner must submit a report to the Governor and the Legislature within two years, detailing whether increases are justified for certain offenses not related to driving.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.