This bill mandates that special automobile insurance policies include liability insurance coverage. Specifically, it requires these policies to provide coverage limits of $5,000 for bodily injury or death and $5,000 for property damage resulting from accidents. This change aims to ensure that individuals holding special automobile insurance policies are adequately protected against liabilities imposed by law.

Additionally, the bill removes special automobile insurance policies from the definition of an uninsured motor vehicle, thereby clarifying their status in relation to other types of insurance coverage. The legislation is set to take effect 90 days after enactment and will apply to all policies issued, executed, renewed, or delivered after that date.

Statutes affected:
Introduced: 17:28-1.1, 39:6A-3.3