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).
In enacting AICRA, the legislature recognized that a primary cause of skyrocketing insurance premiums was 'over-utilization' of personal injury protection (PIP) benefits for the purpose of gaining standing to sue for pain and suffering, rather than treat injuries.
To support his proposal, Goldman cited that while AICRA repealed the 35 percent cap between territories, the same law also called for the new territorial rates not to be "significantly disproportionate".
It is time for the AICRA management to resign en masse and for the AICRA to replace them with leaders who will work to restore public confidence in auditors.