Provides that contracts between subscribers and attorney in fact are not a related party transaction.

This bill clarifies that agreements between insurance policyholders ("subscribers") and their appointed representatives ("attorney in fact") are not considered "related party transactions" under New Jersey law. It directly affects policyholders who use appointed representatives to manage insurance contracts, removing the need for additional regulatory scrutiny typically applied to related party deals. The key provision amends existing insurance law to explicitly exclude these specific contracts and associated fees from related party transaction rules. This change simplifies regulatory compliance for policyholders and their representatives without altering insurance operations.