ASSEMBLY, No. 3521
STATE OF NEW JERSEY
INTRODUCED OCTOBER 19, 2006
Assemblyman JOHN S. WISNIEWSKI
District 19 (Middlesex)
Assemblywoman JOAN M. QUIGLEY
District 32 (Bergen and Hudson)
†††† Concerns automobile insurance practices.
CURRENT VERSION OF TEXT
†††† As reported by the Assembly Transportation and Public Works Committee on December 7, 2006, with amendments.
An Act concerning automobile insurance practices and supplementing Title 17 of the Revised Statutes.
†††† Be It Enacted by the Senate and General Assembly of the State of New Jersey:
†††† 1.† The Commissioner of Banking and Insurance shall conduct an investigation of practices of the automobile insurance industry of this State in regard to increases in premiums for drivers who have had motor vehicle driverís license suspensions and prepare a comparison between increases for drivers whose suspensions are for offenses relating to driving and increases for drivers whose suspensions are for offenses not related to driving.† 1[As part of the investigation, the commissioner shall evaluate the use of credit ratings in determining premiums for drivers.]1† In performing the investigation, the commissioner shall determine whether factors such as non-driving related suspensions 1[and credit ratings]1 justify an increase in premiums.† A report of the findings of the investigation shall be transmitted to the Governor and, pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), to the Legislature no later than two years after the start of the investigation.
†††† 2. †This act shall take effect on the first day of the sixth month after enactment and shall expire on the 90th day following transmittal of the report.