A 6576: Requires peer-to-peer car sharing programs provide insurance coverage in amounts equal to the financial responsibility requirements set forth in section three hundred eleven of the vehicle and traffic law; removes requirements relating to requiring additional insurance coverage.

  
  STATE OF NEW YORK ________________________________________________________________________ 6576 2025-2026 Regular Sessions  IN ASSEMBLY March 6, 2025 ___________ Introduced by M. of A. WEPRIN -- read once and referred to the Committee on Consumer Affairs and Protection AN ACT to amend the general business law, in relation to requiring peer- to-peer car sharing programs provide certain insurance coverage The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 2 of section 901 of the general business law, 2 as amended by chapter 129 of the laws of 2022, is amended to read as 3 follows: 4 2. A peer-to-peer car sharing program administrator, during each peer- 5 to-peer car sharing period for each shared vehicle that it facilitates 6 the use and operation of, shall maintain insurance that provides finan- 7 cial responsibility coverage as follows: 8 (a) provide insurance coverage [that satisfies] in amounts equal to 9 the financial responsibility requirements set forth in section three 10 hundred eleven of the vehicle and traffic law, section three thousand 11 four hundred twenty of the insurance law, article fifty-one of the 12 insurance law and such other requirements, rules or regulations that may 13 apply for the purposes of satisfying the financial responsibility 14 requirements with respect to the use or operation of a motor vehicle; 15 (b) [maintain additional insurance against loss from the liability 16 imposed by law for damages during the car sharing period, including 17 damages for care and loss of services, because of bodily injury to or 18 death of any person and injury to or destruction of property arising out 19 of the ownership, maintenance, use or operation of a specific personal 20 vehicle or vehicles within the state, or elsewhere in the United States 21 or Canada, subject to a limit, exclusive of interest and costs, with 22 respect to each such occurrence, of at least one million two hundred 23 fifty thousand dollars because of bodily injury to or death of any 24 person, and injury to or destruction of property; EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10425-01-5 
 A. 6576 2 1 (c) provide coverage in accordance with subsection (f) of section 2 three thousand four hundred twenty of the insurance law, providing 3 supplementary uninsured/underinsured motorist insurance for bodily inju- 4 ry, subject to a limit per occurrence in the amount of one million two 5 hundred fifty thousand dollars because of bodily injury or death of any 6 person; 7 (d)] the insurance required under this subdivision need not be coter- 8 minous with the registration period of the shared vehicle insured; and 9 [(e)] (c) For purposes of article fifty-one of the insurance law, 11 10 NYCRR Part 65 and general liability claims, notice to the shared vehicle 11 owner, shared vehicle driver, peer-to-peer car sharing program adminis- 12 trator, or any insurer of the shared vehicle owner, shared vehicle driv- 13 er, or peer-to-peer car sharing program administrator of any claim shall 14 be deemed notice to all appropriate parties and insurers. Any shared 15 vehicle owner, shared vehicle driver, peer-to-peer car sharing program 16 administrator, or any insurer of the shared vehicle owner, shared vehi- 17 cle driver, or peer-to-peer car sharing program administrator receiving 18 such notice shall provide such notice to all appropriate parties. 19 § 2. This act shall take effect on the ninetieth day after it shall 20 have become a law. Effective immediately, the addition, amendment and/or 21 repeal of any rule or regulation necessary for the implementation of 22 this act on its effective date are authorized to be made and completed 23 on or before such effective date.