S 5482: Provides for a minimum indemnity bond or insurance policy of $500,000 required by certain common carrier ambulettes and paratransit vehicles.

  
  STATE OF NEW YORK ________________________________________________________________________ 5482 2025-2026 Regular Sessions  IN SENATE February 21, 2025 ___________ Introduced by Sen. COMRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Transportation AN ACT to amend the vehicle and traffic law, in relation to indemnity bonds or insurance policies for common carrier ambulettes and para- transit vehicles The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The second undesignated paragraph of subdivision 1 of 2 section 370 of the vehicle and traffic law, as amended by section 1 of 3 part ZZ of chapter 59 of the laws of 2021, is amended to read as 4 follows: 5 For damages for and incident to death or injuries to persons and inju- 6 ry to or destruction of property: For each motorcycle and for each motor 7 vehicle engaged in the business of carrying or transporting passengers 8 for hire, having a seating capacity of not more than seven passengers, a 9 bond or insurance policy with a minimum liability of twenty-five thou- 10 sand dollars and a maximum liability of fifty thousand dollars for bodi- 11 ly injury, and a minimum liability of fifty thousand dollars and a maxi- 12 mum liability of one hundred thousand dollars for death and a minimum 13 liability of ten thousand dollars for injury to or destruction of prop- 14 erty; for each motor vehicle engaged in the business of carrying or 15 transporting passengers for hire, having a seating capacity of not less 16 than eight passengers, a bond or insurance policy with a combined single 17 limit of at least one million five hundred thousand dollars for bodily 18 injury or death to one or more persons, and because of injury to or 19 destruction of property in any one accident; provided, further that for 20 common carrier ambulettes, paratransit vehicles, and commuter vans that 21 are engaged in the business of carrying or transporting passengers for 22 hire, having a seating capacity of not less than eight passengers, a 23 bond or insurance policy with a combined single limit of at least five 24 hundred thousand dollars for bodily injury or death to one or more EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09747-01-5 
 S. 5482 2 1 persons, and because of injury to or destruction of property in any one 2 accident. For the purposes of this paragraph, the term "commuter van" 3 shall have the same meaning as such term is defined in section 19-502 of 4 the administrative code of the city of New York. 5 § 2. This act shall take effect immediately.