Assembly Financial Institutions and Insurance

The Assembly Financial Institutions and Insurance Committee is responsible for issues such as banking, finance, trusts and estates, auto insurance, liability insurance, life insurance, product liability, property insurance, and tort reform.
Democratic Research Aide:  Martin Sumners   
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Coughlin, Schaer, Singleton, Lampitt & Spencer Legislation to Increase Transparency in Out-of-Network Care Costs Clears Assembly Panel

Asm. Craig Coughlin Bills Call for Written Disclosure of Services Insurance May Not Cover Prior to Medical Procedures, Establishment of Health Care Cost Database

A two-bill consumer protection package sponsored by Assembly Democrats Craig Coughlin, Gary S. Schaer, Troy Singleton, Pamela Lampitt and Grace Spencer intended to eliminate surprise out-of-network health care charges when an individual receives medically-necessary emergency services or inadvertent out-of-network care was advanced by an Assembly panel on Monday.

"Far too many New Jersey families - even those with quality health benefits plans - find themselves fighting over thousands of dollars in out-of-network charges they never even had the opportunity to review, let alone agree to, prior to receiving medical attention," said Coughlin (D-Middlesex). "This legislation is about putting patients first and defending the consumer's right to be able to make an informed decision about how to proceed with his or her health care..."

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Combating Wage Theft, Out-of-Network Health Care Costs, Personalized Handguns, Wounded Warriors Caregiver Relief Act & Improved Suicide Prevention in Schools Highlight Monday Assembly Committees

Protecting N.J.'s Military Bases, Computer Science Graduation Requirement, Ombudsman for Individuals with Intellectual or Developmental Disabilities Also on Tap

Public Hearing on Proposed Pension Payment Constitutional Amendment also Scheduled

Legislation to prevent wage theft, protect consumers from surprise and expensive out-of-network health care costs, require firearms retailers to sell personalized handguns, the Wounded Warrior Caregivers Relief Act, help protect New Jersey's military bases from closure and improve suicide prevention training in schools top Monday's Assembly committee hearings.

The Assembly Judiciary Committee will also hold a required public hearing on the proposed constitutional amendment to require payments by the state to state-administered retirement systems and establish in the state Constitution the right of public employees to pension benefit...

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