Streamlines the identification of employee misclassification.

Streamlines the identification of employee misclassification. Makes misclassifying employees for the purpose of evading payment of insurance premiums a violation of the New Jersey Insurance Fraud Prevention Act. Additionally, specifies penalties for fraud when a misclassification occurs. Provides additional resources to the Department of Banking and Insurance to investigate misclassification as a violation of the New Jersey Insurance Fraud Prevention Act, including consultation by the Bureau of Fraud Deterrence with the
Department of Labor and Workforce Development and the
authorization of the release of tax information to the Commissioner of Banking and Insurance for the purpose of insurance fraud investigations.

No further action. Companion bill AB 5892 became law.

06/10/2021 Introduced in the Senate. Referred to Senate Committee on Labor.
06/16/2021 Reported from Senate Committee on Labor. To second reading in Senate.
06/30/2021 Substituted by AB 5892.