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 introduces new terms such as "health service corporations" and "dental plan organizations," which expand the types of insurance institutions covered under the law. The definitions of "agent" and "individual" are clarified to include a wider range of entities and persons involved in insurance transactions. Additionally, the bill modifies the conditions under which personal and privileged information can be disclosed, emphasizing that such disclosures are permissible for the purpose of preventing fraud or criminal activity in insurance transactions.

Moreover, the bill enhances disclosure practices and expands civil immunity for individuals and entities involved in sharing information about insurance fraud. It amends the Insurance Information Practices Act and the New Jersey Insurance Fraud Prevention Act to broaden definitions related to insurance-support organizations and privileged information. The amendments allow for the collection and reporting of information concerning any person or entity involved in insurance transactions and enable insurance carriers and agents to share privileged information with other institutions and law enforcement. The bill also establishes new immunity provisions, protecting those who report or share information with authorities from civil liability, thereby facilitating better information sharing and strengthening efforts to combat insurance fraud effectively.

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