Provides that contracts between subscribers and attorney in fact are not related party transactions.

Where it is in the process

Plain-English Summary

This bill updates a New Jersey law from 1945 that allows individuals and businesses to exchange insurance contracts. It clarifies that these contracts, and any fees associated with them, will not be considered "related party transactions." This change applies to various types of entities and insurance, excluding life insurance.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Sponsorship · 1 Sponsor

Democrat1Republican0Independent0Other0

D · PrimeJoseph Lagana

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