Raises minimum amount of liability coverage for commercial motor vehicles to $1,500,000.

This bill increases the minimum liability insurance requirement for commercial motor vehicles in New Jersey from $5,000 to $1.5 million. It directly affects owners and operators of commercial vehicles (such as trucks and delivery vans) registered or garaged in the state. The key provision amends existing law to mandate coverage of at least $1.5 million for bodily injury, death, or property damage arising from commercial vehicle operations. This change applies to all new or renewed insurance policies issued six months after the bill's enactment.