Under the New Jersey Automobile Insurance Cost Reduction Act (AICRA), what are the minimum bodily injury and property damage liability limits required on a Standard Policy private passenger auto policy?

Why this is the answer

AICRA, codified at N.J.S.A. 39:6A, fixes the Standard auto policy minimum at $25,000 per person bodily injury, $50,000 per accident bodily injury, and $25,000 property damage. Insureds may purchase higher limits but cannot drop below the statutory floor for a Standard Policy.