Prohibits use of education, occupation, and credit score as rating factors in automobile insurance underwriting.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill prohibits New Jersey automobile insurance companies from using an individual’s education level, occupation, or credit score as factors in determining their insurance rates or eligibility. It also prevents insurers from asking about these details when assessing applicants or insureds. The goal is to ensure fairer and more equitable insurance pricing practices.
Bill text
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