ASSEMBLY INSURANCE COMMITTEE

 

STATEMENT TO

 

[First Reprint]

SENATE, No. 1034

 

STATE OF NEW JERSEY

 

DATED: MARCH 3, 1997

 

      The Assembly Insurance Committee reports favorably Senate Bill No. 1034 (1R).

      This bill amends the effective date of P.L.1995, c.140, which modified joint and several liability for most negligence and strict liability actions, to provide that the amendments in that law shall apply to causes of action filed on or after the 90th day following the law's effective date of June 29, 1995. Currently, the law as enacted applies to causes of action filed on or after that date. In addition, the bill provides that its provisions only apply to pending actions in which no final judgment has been rendered.

      This bill is identical to Assembly Bill No. 2632 (1R).