Eliminates New Jersey Automobile Insurance Risk Exchange.

This bill eliminates New Jersey's Automobile Insurance Risk Exchange (AIRE), a state-run program that historically provided insurance for high-risk drivers. It removes all references to AIRE from state insurance law, including definitions of "AIRE charges" and "AIRE compensation," and deletes requirements for insurers to report AIRE-related compensation. As a result, insurers will no longer need to account for or pay AIRE charges, directly affecting how private passenger auto insurers operate in New Jersey under current statutory requirements.