Lowers minimum amount of uninsured and underinsured motorist coverage for transportation network companies and transportation network company drivers.

New Jersey's Assembly Bill 6147 would lower the minimum required uninsured and underinsured motorist coverage for transportation network company (TNC) drivers and companies, such as Uber or Lyft drivers. Currently, when a TNC driver is providing a ride, the law requires at least $1.5 million in such coverage; the bill would reduce this minimum amount. This change directly affects TNC drivers and companies by decreasing their mandatory insurance obligations. The bill amends existing insurance requirements without altering other coverage types like liability or medical payments.