A4562 • 2026

Requires automobile insurance carriers offer policies with 12-month term.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Bagolie, Rosaura
Last action: 2026-06-04
Official status: Reported out of Asm. Comm. with Amendments, and Referred to Assembly Consumer Affairs Committee
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Requires automobile insurance carriers offer policies with 12-month term.

What This Bill Does

Requires automobile insurance carriers offer policies with 12-month term.
Topic: Consumer Affairs Fiscal note: This bill has not been certified by OLS for a fiscal note.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-06-04 New Jersey Legislature
Reported out of Asm. Comm. with Amendments, and Referred to Assembly Consumer Affairs Committee
2026-03-10 New Jersey Legislature
Introduced, Referred to Assembly Financial Institutions and Insurance Committee

Official Summary Text

Requires automobile insurance carriers offer policies with 12-month term.
Topic:
Consumer Affairs
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text

A4562 1R

[First Reprint]

ASSEMBLY, No. 4562

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED MARCH 10, 2026

Sponsored by:

Assemblywoman� ROSAURA "ROSY" BAGOLIE

District 27 (Essex and Passaic)

SYNOPSIS

���� Requires automobile insurance carriers offer policies
with 12-month term.

CURRENT VERSION OF TEXT

���� As reported by the Assembly Financial Institutions
and Insurance Committee on June 4, 2026, with amendments.

��

An Act

concerning automobile insurance carriers and
supplementing P.L.1972, c.70 (C.39-6A-1 et seq.).�

����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:

���� 1.��� An automobile insurer
that offers a standard or basic automobile insurance policy shall provide the
option to purchase the policy with a 12-month term.� This requirement shall not
be construed to restrict the insurer's ability to offer insurance policies with
shorter or longer terms.�

���� 2.��� This act shall take
effect
1
[
120 days
]

one year
1
after
the date of enactment.