AICRAAutomobile Insurance Cost Reduction Act of 1998 (New Jersey)
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The AICRA also recently released guidelines for CPAs assisting health care providers in complying with the Health Insurance Portability Accountability Act (HIPAA).
AICRA requires that all automobile insurers provide any party with a dispute concerning personal injury protection benefits the option of submitting the dispute to binding arbitration.
It is our hope that the implementation of the terms of this Order in combination with the full implementation of the AICRA (Automobile Insurance Cost Reduction Act) reforms, the adoption of the expedited rate filing procedures and substantive rate regulatory reform will enable AIIC of New Jersey and AIIC of Delaware to participate in a competitive automobile insurance market free from the damaging political intrusions of the past.