Compliance Alerts

    New Jersey Reminds Private Passenger Automobile Insurers of Policy Limit Disclosures

    May 30, 2024 / by AAIS

    On May 21, 2024, the New Jersey Department of Banking and Insurance (NJDOBI) released Bulletin No. 24-06 to all New Jersey auto insurers issuing private passenger automobile policies. The bulletin reminds these insurers of their requirement to disclose policy limits upon request by an attorney under certain circumstances, within 30 days.

     

    Additionally, NJDOBI asks insurers to make sure the e-mail address they provided for policy limit disclosure requests is up to date.

     

    Please see Bulletin No. 24-06 for more information.

    Tags: Compliance, New Jersey

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