New Jersey A971 prohibits motor vehicle liability insurance policies from restricting the full payment of recovery amounts for covered individuals.

New Jersey A971 amends existing law to prohibit motor vehicle liability insurance policies from restricting the full payment of recovery amounts for covered individuals. Specifically, the bill ensures that the amount recoverable for bodily injury or death cannot be less than the maximum recovery limit provided in the policy for bodily injury liability, property damage liability, and uninsured and underinsured motorist coverage. The bill also mandates that insurers prominently disclose any restrictions on recovery amounts on the policy declaration page.

New Jersey A971 prohibits motor vehicle liability insurance policies from restricting the full payment of recovery amounts for covered individuals.

New Jersey A971 amends existing law to prohibit motor vehicle liability insurance policies from restricting the full payment of recovery amounts for covered individuals. Specifically, the bill ensures that the amount recoverable for bodily injury or death cannot be less than the maximum recovery limit provided in the policy for bodily injury liability, property damage liability, and uninsured and underinsured motorist coverage. The bill also mandates that insurers prominently disclose any restrictions on recovery amounts on the policy declaration page.