The bill amends New Jersey's existing legislation on insurance fraud, specifically P.L.1985, c.179 (C.17:23A-1 et seq.), by broadening the scope of information sharing and civil immunity related to insurance fraud. It removes the term "Definitions" and introduces new definitions, including "agent," which now explicitly encompasses insurance producers, and "Commissioner," defined as the Commissioner of Banking and Insurance. The bill also clarifies the definitions of "insurance institution," "insurance-support organization," and "personal information," enhancing the understanding of roles and responsibilities in insurance transactions.

Additionally, the bill modifies the conditions under which personal or privileged information can be disclosed by insurance institutions, agents, or insurance-support organizations, allowing for disclosures in reasonable anticipation of an insurance transaction. It specifies that such disclosures can occur with written authorization from the individual concerned or to prevent fraud. The amendments aim to improve the detection and prevention of insurance fraud while maintaining individuals' rights to privacy. The bill also expands civil immunity provisions, protecting individuals and entities from various causes of action when disclosing information related to insurance fraud, and establishes new immunity for those reporting or sharing information with the Commissioner, law enforcement, and fraud prevention organizations.

Statutes affected:
Introduced: 17:23A-2, 17:23A-13, 17:23A-20, 17:23A-21, 17:33A-9