"Pet Insurance Act."

The Pet Insurance Act establishes a regulatory framework for pet insurance in New Jersey, requiring insurers to clearly define key terms like "preexisting condition" and "hereditary disorder" in policies. It mandates specific disclosures to consumers about exclusions (e.g., for hereditary disorders, congenital conditions, or chronic illnesses) and limits waiting periods to 30 days for illnesses or orthopedic conditions (with no waiting period for accidents). The bill also prohibits requiring veterinary exams for policy renewals and mandates that wellness programs be clearly labeled as non-insurance, separate from coverage. Additionally, it requires insurance producers to complete training on policy terms and consumer disclosures before selling pet insurance.