# NJ Auto Reform Plan...Consumer Focus 

_News_

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New Jersey's latest effort to reform its auto insurance laws must be "acceptable for all policyholders" and retain protections for consumers that include rate controls, the state's top insurance regulator said.

New Jersey's Banking and Insurance Commissioner Holly C. Bakke, in an interview with National Underwriter, also expressed the view that what will be good for consumers, in the long run, will benefit insurance agents and the industry as a whole.

Her department is looking to strike a balance between consumer protections and attracting companies to the state.

Ms. Bakke's boss, Gov. James E. McGreevey, on Tuesday in his State of the State message, outlined a plan to revamp New Jersey's auto insurance system, with an emphasis on consumer protection, while attempting to address a serious problem on the business side.

Sources:
- National Underwriter (http://www.nationalunderwriter.com/pandc/hotnews/viewPC.asp?article=1_16_03_15_7748.xml)