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NY S05941
Bill
Status
12/19/2025
Primary Sponsor
James Skoufis
Click for details
AI Summary
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Requires peer-to-peer car sharing programs to maintain insurance coverage meeting the financial responsibility requirements under section 311 of the Vehicle and Traffic Law (owners' policy of liability insurance) during each car sharing period
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Removes previous requirements for peer-to-peer programs to carry $1,250,000 in additional liability insurance and $1,250,000 in supplementary uninsured/underinsured motorist coverage
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Mandates peer-to-peer car sharing administrators either provide additional liability insurance to vehicle owners and drivers or offer them the opportunity to purchase it
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Requires disclosure in car sharing agreements of coverage limits, exclusions, additional insurance options, and statements about liability insurance requirements
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Allows peer-to-peer car sharing program administrators to obtain limited insurance licenses to sell excess liability, accident/health, and personal effects insurance coverage to vehicle owners and drivers
Legislative Description
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.
Last Action
APPROVAL MEMO.73
12/19/2025