An outline of the law of insurance

Insurance Motor vehicle liability insurance is mandatory in the State of New Jersey. Every vehicle registered in New Jersey must have liability insurance (N.J.S.A. 39:6B-1, 39:6B-2). The type and cost of insurance coverage can vary. Check the Department of Banking and Insurance (DOBI) Web site to review the many insurance coverage choices, or contact an insurance company. A New Jersey Insurance Identification Card will be provided for each vehicle insured under a policy. This card must remain in the vehicle with the driver. It must be shown prior to inspection, when involved in an accident and when stopped by law enforcement for a traffic violation or roadside spot check. Driving with an uninsured vehicle can result in fines, community service, license and registration suspension and insurance surcharges. Insurance fraud The Office of Insurance Fraud Prosecutor (OIFP) in the Division of Criminal Justice aggressively investigates and prosecutes individuals who engage in insurance fraud. If a person commits insurance fraud by providing false information to an insurance company while making a claim or submitting an insurance application, the OIFP can file criminal charges that can result in incarceration ...»