A 4562
Requires automobile insurance carriers offer policies with 12-month term.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires New Jersey’s automobile insurance companies to offer policies with a 12-month term as an option for consumers. Currently, many policies are offered on shorter terms. Supporters say this change would provide consumers with more predictable rates and easier renewal reminders, potentially leading to discounts being maintained longer. The bill does not require companies to offer only 12-month policies, but simply to provide this option.
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