S.834

New Jersey S834 prohibits insurers from raising rates based on accidents where the insured is not at fault.

New Jersey S834 amends the state's automobile insurance underwriting rules to prohibit insurers from using underwriting rules to raise rates on persons deemed not at fault in motor vehicle accidents. The bill ensures that insurers cannot assign risk to a rating plan based on the insured's involvement in an accident where they are not at fault. Insurers must file their underwriting rules with the commissioner and apply them uniformly across the state. The act takes effect 90 days after enactment and applies to policies initiated or renewed on or after that date.