S.2944

New Jersey S2944 prohibits auto insurers from using education, occupation, and credit score as rating factors.

New Jersey S2944 amends existing law to prohibit automobile insurers from assigning an insured or prospective insured to a rating tier based on their educational level, employment, occupation, or credit score. The bill also prohibits insurers from inquiring about these factors when underwriting policies. The changes apply uniformly across the state and require insurers to file their underwriting rules with the commissioner for approval. The act takes effect 90 days after enactment.