A 3879
Revises territorial rating plans used by insurers writing private passenger automobile insurance.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill updates how New Jersey insurers determine insurance rates based on where a driver lives. It requires the state’s insurance regulator to create new territorial rating plans for private passenger auto insurance. These plans must be defined by contiguous zip code+4 areas, following municipal boundaries, and limit the number of territories to 100. The goal is to create more precise and detailed risk assessments for insurance pricing.
Sponsors
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Primary sponsor
Craig Coughlin
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