---
type: "Bill"
title: "Updates certain insurance company investment provisions in accordance with Investments of Insurers Model Act."
description: "Updates certain insurance company investment provisions in accordance with Investments of Insurers Model Act."
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "220"
identifier: "S 3409"
citation: "New Jersey S 3409 (220)"
classification: ["bill"]
subjects: ["COMMERCE", "INSURANCE"]
status: "enacted"
primary_sponsors: ["Flynn, Victoria A.", "McKeon, John F.", "Oroho, Steven V.", "Pou, Nellie", "Wimberly, Benjie E."]
version_count: 2
action_count: 7
vote_count: 0
first_action: "2022-12-19T05:00:00+00:00"
last_action: "2024-01-08T05:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/9e4afd5d-0bac-4320-99c5-a403ad26fc4b"
source_url: "http://www.njleg.state.nj.us/downloads.asp"
source_hash: "cbc5bf1ef0d07950e2ebc1d44e139bed4c81d7e74f1648cc8e94f3228b94bc8e"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nj"]
---

# New Jersey S 3409 (220) — Updates certain insurance company investment provisions in accordance with Investments of Insurers Model Act.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced Version** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2022/S3500/3409_I1.HTM)
2. **Reprint SCM 1/26/23 1R** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2022/S3500/3409_R1.HTM)

## Sponsors

- Flynn, Victoria A. — primary (person)
- McKeon, John F. — primary (person)
- Oroho, Steven V. — primary (person)
- Pou, Nellie — primary (person)
- Wimberly, Benjie E. — primary (person)
- Durr, Edward — cosponsor (person)
- Freiman, Roy — cosponsor (person)
- Sawyer, Beth — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2022-12-19T05:00:00+00:00** Introduced in the Senate, Referred to Senate Commerce Committee `introduction, referral-committee`
- **2023-01-26T05:00:00+00:00** Reported out of Senate Committee with Amendments, 2nd Reading `committee-passage`
- **2023-02-27T05:00:00+00:00** Passed Senate (37-0) `passage`
- **2023-02-27T05:00:00+00:00** Received in the Assembly without Reference, 2nd Reading
- **2023-12-07T05:00:00+00:00** Substituted for A4785 (1R)
- **2023-12-07T05:00:00+00:00** Passed Assembly (Passed Both Houses) (73-0-0) `passage`
- **2024-01-08T05:00:00+00:00** Approved P.L.2023, c.219. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9e4afd5d-0bac-4320-99c5-a403ad26fc4b`. Confidence: reported (aggregated from official New Jersey legislature records).