Repeals no-fault automobile insurance law and requires mandatory liability insurance law for motor vehicles.

New Jersey's S 2254 repeals the state's no-fault automobile insurance law and replaces it with a mandatory liability insurance requirement for all motor vehicle owners. The bill increases minimum coverage limits to $100,000 per person and $200,000 per accident for bodily injury/death, and $5,000 for property damage. It directly affects all vehicle owners and operators registered or garaged in New Jersey by requiring higher standard liability insurance coverage. The bill deletes previous provisions allowing basic or special insurance policies, mandating all policies meet these new minimums under state approval.