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Bill

Bill

S 1249

Increases the minimum insurance coverage requirements for motor vehicles rented or leased in the state

2025 Regular Session Introduced by Joe Addabbo

Overview: S 1249, a bill to increase the minimum insurance coverage requirements for motor vehicles rented or leased in the state, was referred to the Senate Committee on Transport

REFERRED TO TRANSPORTATION
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Bill Summary · S 1249

Overview: S 1249, a bill to increase the minimum insurance coverage requirements for motor vehicles rented or leased in the state, was referred to the Senate Committee on Transportation on April 2, 2025.

Purpose and Intent: The bill aims to enhance consumer protection and ensure that individuals who rent or lease motor vehicles have adequate insurance coverage in the event of an accident. The proposed changes are intended to address concerns about the potential financial burden on drivers and the state's insurance system.

Key Provisions:
- Increases the minimum liability insurance coverage requirements for motor vehicles rented or leased in the state
- Requires rental and leasing companies to provide customers with information about the state's insurance requirements and options for obtaining additional coverage
- Establishes penalties for rental and leasing companies that fail to comply with the new insurance requirements

Affected Parties and Impacts: The bill would primarily affect individuals who rent or lease motor vehicles, as well as the rental and leasing companies that provide these services. It could also have implications for the state's insurance industry and the overall cost of renting or leasing a vehicle.

Procedural and Timeline Considerations: The bill has been referred to the Senate Committee on Transportation and is currently awaiting further consideration. If passed by the committee and the full Senate, it would then be sent to the House for consideration.

Compiled from official sources — confirm details with the bill’s official record.

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