S723 — Establishes "Car Insurance Reduction Act"; modifies current law addressing requirements of automobile insurers for underwriting rate calculations and reductions, and reporting requirements to State.

S723 — Establishes "Car Insurance Reduction Act"; modifies current law addressing requirements of automobile insurers for underwriting rate calculations and reductions, and reporting requirements to State. · Informed CitizenryThe Car Insurance Reduction Act aims to change how car insurance rates are calculated in New Jersey. The legislation adjusts the rules that auto insurance companies must follow when setting their p…Open in Informed Citizenry