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Posted on: Sep 16, 2021

Yesterday, the New Jersey Department of Banking and Insurance issued an Order regarding the disclosure of policy limits disclosures. The Order requires all private passenger automobile insurers to submit email addresses to DOBI, where they will receive policy limit requests pursuant to P.L. 2021, c. 177. This Order from the Department of Banking and Insurance is a requirement of the bill S-1558, that went into effect on July 22, 2021 when Governor Murphy signed it into law.  The law requires auto insurers to disclose policy coverage limits to an injured party when requested by an attorney.

You can read the Order here  https://www.state.nj.us/dobi/orders/a21_11.pdf.

This Order from DOBI is a potent reminder of all of the hard work NJAJ put in over many years to get S-1558 through the legislature and over the finish line and signed into law. S-1558 was one of NJAJ’s top legislative priorities for years. Again we thank Senate sponsor Senator Nicholas P. Scutari for his tireless efforts to champion the bill, Assembly sponsors Assemblyman Jon M. Bramnick, Assemblywoman Joann Downey, and Assemblywoman Annette Quijano for their commitment, and Governor Murphy for signing it into law.