PLNJmedium
A New Jersey driver who does not own a vehicle but must demonstrate financial responsibility to maintain driving privileges most appropriately satisfies that obligation by purchasing which of the following?
AA Special Auto Policy with $10,000 medical only
BA homeowners endorsement extending liability to non-owned autos, which does not provide the residual BI/PD liability at the statutory Standard FR limits required to satisfy compulsory financial responsibility
CA surplus lines binder issued by an unauthorized carrier
A non-owners auto policy providing residual BI/PD liability at the Standard FR limits, with an insurance ID card
Why this is the answer
AICRA permits a NJ driver who does not own a vehicle to satisfy FR by purchasing a non-owners auto policy that provides residual BI and PD liability at the statutory Standard FR limits, together with the issued insurance ID card used to demonstrate compliance to law enforcement and the MVC.
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