The proposed bill amends New Jersey's automobile insurance laws by establishing a new requirement for medical expense benefits, mandating that all standard and basic automobile insurance policies provide $250,000 in medical expense benefits per person per accident. This replaces the previous limit of $15,000 and eliminates options for lower coverage amounts, which included $250,000, $150,000, $75,000, $50,000, or $15,000. The bill consolidates coverage under the new $250,000 limit, ensuring that all insured individuals have access to adequate medical expense benefits in the event of an accident.

Additionally, the bill modifies the language surrounding personal injury protection coverage to include comprehensive medical expense benefits while maintaining the requirement for benefits to be paid without regard to negligence. It clarifies that medical treatments must adhere to accepted professional standards and protocols, and allows for copayments and deductibles as specified in the policy. The changes aim to enhance protection for policyholders and ensure they are adequately covered for medical expenses resulting from accidents. The bill will take effect 30 days after enactment and will apply to all automobile insurance policies issued or renewed thereafter.

Statutes affected:
Introduced: 39:6A-3.1, 39:6A-4, 39:6A-4.3