Establishes "Automobile Accident Injury Fund."
This bill establishes the "Automobile Accident Injury Fund" within New Jersey's Department of Banking and Insurance to cover medical costs for people injured in car accidents involving stolen vehicles. It directly affects individuals who: (1) were injured when a stolen car was involved in an accident, and (2) have no health or auto insurance covering their medical bills. The fund pays for uncovered medical expenses after the department creates application procedures and payment criteria, without requiring the stolen car to have been properly insured. The fund is non-lapsing and revolving, meaning it permanently holds money to cover these specific cases.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
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Full legislative history
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1
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Financial Institutions and Insurance Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Shanique Speight
DDemocratic
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