New Jersey A3665 prohibits insurers from using gaps in automobile insurance coverage as a rating factor.
New Jersey A3665 amends existing law to prohibit insurers from using gaps in automobile insurance coverage as a rating factor in underwriting. The bill also mandates that insurers apply their underwriting rules uniformly and without exception throughout the state. Insurers must file all underwriting rules with the commissioner and make them subject to public inspection. The bill includes provisions for fines against insurers who fail to comply with these rules.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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