This bill amends the personal injury protection (PIP) coverage requirements for automobile insurance policies in New Jersey. It raises the minimum PIP coverage for basic automobile insurance policies from $15,000 to $20,000 per person per accident and establishes a new minimum PIP coverage requirement of $50,000 for standard automobile liability insurance policies. Additionally, the bill includes provisions for reimbursement from the Unsatisfied Claim and Judgment Fund for any excess benefits paid by insurers beyond $75,000 for personal injury to any one person in an accident.

The bill also introduces new requirements for insurers regarding the notification process for policyholders when their insurance limits are increased to meet the new standards. Insurers must inform the named insured of any policy limit increases without requiring a signed coverage selection form. Furthermore, the bill clarifies treatment protocols for injuries sustained in automobile accidents, allowing for variances based on medical necessity and outlining a precertification process for certain medical services. Overall, the legislation aims to enhance financial protection for individuals injured in automobile accidents while ensuring compliance with updated coverage standards and maintaining flexibility in medical treatment protocols.

Statutes affected:
Introduced: 39:6A-4, 39:6A-4.3, 39:6A-3.1