The bill amends New Jersey's existing legislation on insurance fraud, specifically P.L.1985, c.179 (C.17:23A-1 et seq.), to enhance information sharing and civil immunity for insurance institutions, agents, and insurance-support organizations. It introduces new terms such as "health service corporations" and "dental plan organizations," broadening the scope of entities covered under the law. The bill clarifies the conditions under which personal information can be disclosed, emphasizing the need to prevent fraud while ensuring compliance with legal requirements. Significant changes include the deletion of outdated language and the insertion of provisions that allow for greater flexibility in information sharing, specifically for detecting or preventing criminal activity and fraud in insurance transactions.

Furthermore, the bill expands civil immunity protections for individuals and entities involved in disclosing information related to insurance fraud. It modifies the Insurance Information Practices Act and the New Jersey Insurance Fraud Prevention Act to allow for the collection and reporting of information concerning any person or entity involved in an insurance transaction. The bill establishes new immunity for those reporting or sharing information with the Commissioner of Banking and Insurance, law enforcement, and fraud prevention organizations, thereby facilitating better collaboration among insurance companies and law enforcement to effectively combat insurance fraud.

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