S.2710

New Jersey S2710 prohibits private passenger automobile insurance rating territories from placing exposure in a territory based on ZIP code if the.

New Jersey S2710 amends existing law to ensure that private passenger automobile insurance rating territories do not base exposure in a territory on ZIP code if the ZIP code crosses a municipal boundary. Instead, the exposure must be placed in the territory in which the exposure automobile is garaged. The bill also mandates that territories be defined in a manner that recognizes qualitative similarities and differences in driving environments, including traffic density and population density, and that avoids unfair inter-territorial subsidization.