Nowell James v. New Jersey Manufacturers Insurance Company (071344)

In Pinto v. New Jersey Manufacturers Insurance Co., 183 N.J. 405, 407, 874 A.2d 520 (2005), this Court enforced a commercial motor vehicle liability policy’s “step-down” provision, which had the effect of capping uninsured or underinsured motorist coverage (UM/UIM coverage) provided through an employer’s commercial policy to employees and other qualifying “insureds” at the limits available to such individuals through their personal automobile insurance coverage. The Pinto holding relied on prior recognition of the legitimacy of such contractual capping provisions, id. at 412, 874 A.2d 520…