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Effective Date of New Jersey Ban on Step-Down Provisions

By Troutman Pepper Locke
March 26, 2008
As previously reported here, on September 10, 2007,  the New Jersey legislature enacted P.L. 2007, c. 163 (S-1666/A-3038), which banned the use of step-down provisions.  Step-down provisions were included in motor vehicle liability insurance policies issued to

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