Efforts are under way to bring much needed change to New Jersey’s “no fault” system under AICRA—the Automobile Insurance Cost Reduction Act, N.J.S.A. 39:6A-1, et. seq. The New Jersey State Legislature may soon consider Assembly Bill 1117 and Senate Bill 411. These bills offer greater protection to those injured in automobile accidents by respectively increasing minimum liability limits to $35,000 per person and $75,000 per accident, while imposing mandatory information disclosures on insurance carriers when an insured elects a medical expense limit of $15,000 as opposed to the standard $250,000.
But do these bills go far enough?
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
