R.J. Gaydos Insurance Agency, Inc. v. National Consumer Insurance
Supreme Court of New Jersey
1Opinion of the Court
The opinion of the Court was delivered by
STEIN, J.
This appeal involves New Jersey’s Fair Automobile Insurance Reform Act (FAIRA), N.J.S.A. 17:33B-1 to -63, a comprehensive legislative initiative that was enacted in 1990 to reform New Jersey’s automobile insurance system. The questions presented in this appeal are whether plaintiff, R.J. Gaydos Insurance Agency, Inc. (Gaydos), has an implied private right of action under FAIRA to assert a claim against defendant, National Consumer Insurance Company (NCIC), and whether Gaydos can assert a common-law cause of action for breach of the implied…
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