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Assembly Bill A10553

2025-2026 Legislative Session

Relates to financial responsibility requirements for transportation network companies

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2025-A10553 (ACTIVE) - Details

See Senate Version of this Bill:
S9067
Current Committee:
Assembly Transportation
Law Section:
Vehicle and Traffic Law
Laws Affected:
Amd §1693, V & T L

2025-A10553 (ACTIVE) - Summary

Relates to financial responsibility requirements for transportation network companies in relation to uninsured motorists coverage.

2025-A10553 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10553
 
                           I N  A S S E M B L Y
 
                              March 13, 2026
                                ___________
 
 Introduced by M. of A. WEPRIN -- read once and referred to the Committee
   on Transportation
 
 AN  ACT  to  amend the vehicle and traffic law, in relation to financial
   responsibility requirements for transportation network companies
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph (a) of subdivision 3 of section 1693 of the vehi-
 cle  and traffic law, as added by section 2 of part AAA of chapter 59 of
 the laws of 2017, is amended to read as follows:
   (a)  The  following  automobile  financial  responsibility   insurance
 requirements  shall  apply while a TNC driver is engaged in a TNC prear-
 ranged trip: insurance against loss from the liability  imposed  by  law
 for damages, including damages for care and loss of services, because of
 bodily injury to or death of any person, and injury to or destruction of
 property arising out of the ownership, maintenance, use, or operation of
 a  specific personal vehicle or vehicles within this state, or elsewhere
 in the United States in North America or Canada,  subject  to  a  limit,
 exclusive  of  interest and costs, with respect to each such occurrence,
 of at least one million two hundred fifty thousand  dollars  because  of
 bodily injury to or death of any person, and injury to or destruction of
 property  provided  however,  that  such policy need not be for a period
 coterminous  with  the  registration  period  of  the  personal  vehicle
 insured,  and  coverage  in satisfaction of the financial responsibility
 requirements set forth in section three thousand four hundred twenty  of
 the  insurance  law,  article  fifty-one of the insurance law; [coverage
 provided in accordance with subsection (f)  of  section  three  thousand
 four  hundred  twenty  of  the  insurance  law,  providing supplementary
 uninsured/underinsured motorist insurance  for  bodily  injury,  in  the
 amount  of  one  million  two  hundred fifty thousand dollars because of
 bodily injury to or death of any person in any one accident;]  UNINSURED
 MOTORISTS COVERAGE IN THE MINIMAL AMOUNT AND IN THE FORM PROVIDED FOR IN
 SUBSECTION  (F)  OF  SECTION  THREE  THOUSAND FOUR HUNDRED TWENTY OF THE
 INSURANCE LAW; and such other requirements or regulations that may apply
 for the purposes of satisfying the financial responsibility requirements
 with respect to the use or operation of a motor vehicle.
   § 2. This act shall take effect immediately.
 
              

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