New Jersey insurance agents said they support legislation that would revise existing law, mandating that commercial auto policies provide the full listed coverage for employees.
The bill, which has been passed by the Senate and won unanimous approval last week by the Assembly Financial Institutions and Insurance Committee, would eliminate what are known as step-down provisions.
Under step-down provisions, in an accident that involves a worker driving a company vehicle, the insurer must pay only to the top limit of the employee's personal auto coverage, not the commercial policy limit.
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