New Jersey S2248 prohibits auto insurers from using education, occupation, and credit score in setting rates.
New Jersey S2248 amends automobile insurance underwriting rules by prohibiting insurers from using education, occupation, and credit score as rating factors. The bill also bans insurers from inquiring about these factors when assessing applicants. This change aims to ensure that auto insurance rates are not influenced by personal information unrelated to driving risk. The act will take effect 90 days after enactment.
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