The Motor Vehicle Insurance Verification Act mandates the New Jersey Motor Vehicle Commission to create an online system for verifying motor vehicle insurance. This system aims to effectively identify uninsured motorists and will be the exclusive method for verifying insurance evidence in the state. Motor vehicle insurers are required to provide policy information and cooperate with the commission in establishing this system. The bill outlines specific requirements for the verification system, including compliance with standards set by the Insurance Industry Committee on Motor Vehicle Administration (IICMVA) and accessibility for law enforcement to ensure compliance with mandatory insurance laws.

Additionally, the bill allows the commission to suspend or revoke vehicle registrations if there is reason to believe a vehicle is being operated without insurance, with reinstatement contingent upon providing proof of insurance and payment of applicable fees. The commission is also tasked with reporting on the system's costs and effectiveness within two years of its establishment and must conduct a pilot program to test the system for at least nine months before any enforcement actions can be taken. The Chief Administrator of the commission is responsible for adopting necessary rules and regulations to implement the act, which will take effect 90 days after enactment.