"Pet Insurance Act."

New Jersey's S 2034, the "Pet Insurance Act," establishes clear rules for pet insurance policies sold in the state. It requires insurers to define key terms like "preexisting condition" and "hereditary disorder" in policies and disclose specific exclusions (e.g., for genetic conditions or chronic illnesses) using plain language. The bill mandates a 30-day "free look" period, allowing pet owners to return policies for a full refund if unsatisfied, and requires clear disclosure of coverage limits, deductibles, and how claims history might affect premiums. This directly affects pet insurance companies operating in New Jersey and the pet owners purchasing these policies.