New Jersey S3134 requires consultation with an insurance producer before selling an auto insurance policy, or a cost benefit analysis if sold online.
New Jersey S3134 mandates that auto insurance policies cannot be issued unless the individual consults with an insurance producer before purchase. Exceptions are made if the policy is sold online, in which case the insurer must provide a cost benefit analysis. The Department of Banking and Insurance will establish rules for what constitutes a consultation and a cost benefit analysis.
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