This bill mandates that school districts in New Jersey must arrange for and maintain student accident insurance, as well as pay the premiums for such policies. The insurance is intended to cover bodily injuries sustained by students while participating in interscholastic athletics programs, intramural sports programs, and other curricular or extracurricular activities. The bill amends existing law by removing the option for school districts to require parents or guardians to contribute to the insurance premiums, thereby placing the full financial responsibility on the school districts.

Additionally, the bill clarifies that the provisions do not impose liability on school boards for injuries sustained by students during these activities. It repeals the previous statute that allowed for parental contribution to insurance costs, emphasizing the school district's obligation to provide comprehensive insurance coverage for students. The act is set to take effect immediately and will apply to the first full school year following its enactment.