On November 14, 2022, the New Jersey Department of Banking and Insurance (DOBI) issued Bulletin No. 22-09 regarding compliance with P.L.2022, c.87 (the “Act”), which was enacted through Senate Bill 481 and went into effect on August 5, 2022. The Act amended existing law to increase the minimum limits of liability, uninsured motorist and underinsured motorist insurance coverage that must be provided in automobile insurance policies issued in the state of New Jersey.
New Jersey
New Jersey Requires Compliance with New Minimum Auto Coverage Limits
Apr 17, 2023 / by AAIS posted in New Jersey
New Jersey Orders Auto Insurers to Submit Underwriting Guidelines and Rules
Apr 17, 2023 / by AAIS posted in New Jersey
On April 6, 2023, the New Jersey Department of Banking and Insurance (DOBI) issued Order A23-01 and Bulletin No. 23-04 regarding the underwriting guidelines and rules of private passenger automobile policies in force in New Jersey.