This bill amends the personal injury protection (PIP) coverage requirements for automobile insurance policies in New Jersey, increasing the coverage amount from $15,000 to $50,000 for basic automobile insurance policies. It mandates that every standard automobile liability insurance policy must also provide a minimum PIP coverage of $50,000 per person per accident. The revised language specifies that the PIP benefits will cover medical expenses, income continuation, essential services, death benefits, and funeral expenses, with the medical expense benefits capped at $250,000 for certain severe injuries.

The bill also includes provisions for the reimbursement of insurers from the Unsatisfied Claim and Judgment Fund for any PIP benefits exceeding $75,000 paid to an individual in a single accident. Additionally, it outlines the conditions under which medical treatments and services must be provided, emphasizing adherence to accepted medical protocols and standards. The changes are set to take effect 90 days after the bill's enactment and will apply to policies issued or renewed after that date.

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