Lowers minimum amount of uninsured and underinsured motorist coverage for transportation network companies and transportation network company drivers.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill changes the minimum amount of insurance required for transportation network company drivers and companies in New Jersey. Specifically, it lowers the required uninsured and underinsured motorist coverage from $1,500,000 to $50,000 for injuries to one person and $100,000 for injuries to multiple people, with tiered amounts based on the date the insurance policy is issued. The bill aims to reduce the financial burden on these companies while still providing some level of protection to drivers and other parties involved in accidents.
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