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NY S08786
Bill
Status
Passed
2/13/2026
Primary Sponsor
James Skoufis
Click for details
AI Summary
- Expands the types of insurance that peer-to-peer car sharing program administrators can sell as agents for authorized insurers
- Allows accident and health insurance coverage to be offered to shared vehicle owners and shared vehicle drivers, not just renters and vehicle occupants
- Permits coverage for accidental death, dismemberment, and medical expenses resulting from accidents during peer-to-peer car sharing periods
- Authorizes the Superintendent of Financial Services to approve additional coverage types deemed meaningful and appropriate for shared vehicle arrangements
- Takes effect on the same date as the 2025 law (S. 5941-B/A. 6576-B) requiring peer-to-peer car sharing programs to provide certain insurance coverage
Legislative Description
Provides that a rental vehicle company or peer-to-peer car sharing program administrator may act as an agent for an authorized insurer with respect to accident and health insurance that provides coverage to shared vehicle owners, shared vehicle drivers, or a combination thereof, and any other coverage that the superintendent of financial services may approve as meaningful and appropriate in connection with the sharing of a shared vehicle.
Last Action
SIGNED CHAP.69
2/13/2026
Committee Referrals
Insurance1/28/2026
Rules1/8/2026
Full Bill Text
No bill text available