Senate Bill S5941

2025-2026 Legislative Session

Requires peer-to-peer car sharing programs provide certain insurance coverage

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Insurance Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

co-Sponsors

2025-S5941 - Details

Current Committee:
Senate Insurance
Law Section:
General Business Law
Laws Affected:
Amd §§901 & 905, Gen Bus L; amd §2131, Ins L

2025-S5941 - Summary

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.

2025-S5941 - Sponsor Memo

2025-S5941 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5941
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               March 4, 2025
                                ___________
 
 Introduced  by  Sen. SKOUFIS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Insurance
 
 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:
 
   Section  1.  Subdivision 2 of section 901 of the general business law,
 as amended by chapter 129 of the laws of 2022, is  amended  to  read  as
 follows:
   2. A peer-to-peer car sharing program administrator, during each peer-
 to-peer  car  sharing period for each shared vehicle that it facilitates
 the use and operation of, shall maintain insurance that provides  finan-
 cial responsibility coverage as follows:
   (a)  provide  insurance  coverage [that satisfies] IN AMOUNTS EQUAL TO
 the financial responsibility requirements set  forth  in  SECTION  THREE
 HUNDRED  ELEVEN  OF  THE VEHICLE AND TRAFFIC LAW, section three thousand
 four hundred twenty of the  insurance  law,  article  fifty-one  of  the
 insurance law and such other requirements, rules 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;
   (b) [maintain additional insurance against  loss  from  the  liability
 imposed  by  law  for  damages  during the car sharing period, 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 the state, or elsewhere in the United  States
 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;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10425-01-5
 S. 5941                             2
              

co-Sponsors

2025-S5941A - Details

Current Committee:
Senate Insurance
Law Section:
General Business Law
Laws Affected:
Amd §§901 & 905, Gen Bus L; amd §2131, Ins L

2025-S5941A - Summary

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.

2025-S5941A - Sponsor Memo

2025-S5941A - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5941--A
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               March 4, 2025
                                ___________
 
 Introduced  by  Sens.  SKOUFIS, ADDABBO, BAILEY, BASKIN, CLEARE, COMRIE,
   COONEY, FERNANDEZ, GOUNARDES, JACKSON, SCARCELLA-SPANTON -- read twice
   and ordered printed, and when printed to be committed to the Committee
   on Insurance -- committee discharged, bill amended, ordered  reprinted
   as amended and recommitted to said committee

 AN  ACT  to  amend  the  general  business law and the insurance 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:
 
   Section 1. Subdivision 2 of section 901 of the general  business  law,
 as  amended  by  chapter  129 of the laws of 2022, is amended to read as
 follows:
   2. A peer-to-peer car sharing program administrator, during each peer-
 to-peer car sharing period for each shared vehicle that  it  facilitates
 the  use and operation of, shall maintain insurance that provides finan-
 cial responsibility coverage as follows:
   (a) provide insurance coverage that satisfies the financial  responsi-
 bility  requirements  set  forth in THE DEFINITION OF "OWNERS' POLICY OF
 LIABILITY INSURANCE" IN SUBDIVISION FOUR OF SECTION THREE HUNDRED ELEVEN
 OF THE VEHICLE AND TRAFFIC LAW;
   (B) PROVIDE INSURANCE COVERAGE THAT SATISFIES THE FINANCIAL  RESPONSI-
 BILITY  REQUIREMENTS  SET  FORTH  IN section three thousand four hundred
 twenty of the insurance law, article fifty-one of the insurance law  and
 such  other  requirements,  rules  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;
   [(b)  maintain  additional  insurance  against loss from the liability
 imposed by law for damages during  the  car  sharing  period,  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

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10425-05-5
              

co-Sponsors

2025-S5941B (ACTIVE) - Details

Current Committee:
Senate Insurance
Law Section:
General Business Law
Laws Affected:
Amd §§901 & 905, Gen Bus L; amd §2131, Ins L

2025-S5941B (ACTIVE) - Summary

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.

2025-S5941B (ACTIVE) - Sponsor Memo

2025-S5941B (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5941--B
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               March 4, 2025
                                ___________
 
 Introduced  by  Sens.  SKOUFIS, ADDABBO, BAILEY, BASKIN, CLEARE, COMRIE,
   COONEY, FERNANDEZ, GOUNARDES, GRIFFO,  JACKSON,  SCARCELLA-SPANTON  --
   read  twice  and  ordered printed, and when printed to be committed to
   the Committee on Insurance  --  committee  discharged,  bill  amended,
   ordered  reprinted  as  amended  and  recommitted to said committee --
   committee discharged, bill amended, ordered reprinted as  amended  and
   recommitted to said committee
 
 AN  ACT  to  amend  the  general  business law and the insurance 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:
 
   Section 1. Subdivision 2 of section 901 of the general  business  law,
 as  amended  by  chapter  129 of the laws of 2022, is amended to read as
 follows:
   2. A peer-to-peer car sharing program administrator, during each peer-
 to-peer car sharing period for each shared vehicle that  it  facilitates
 the  use and operation of, shall maintain insurance that provides finan-
 cial responsibility coverage as follows:
   (a) provide insurance coverage that [satisfies]  IS  THREE  TIMES  the
 financial  responsibility  requirements  set  forth in THE DEFINITION OF
 "OWNERS' POLICY OF LIABILITY INSURANCE" IN SUBDIVISION FOUR  OF  SECTION
 THREE HUNDRED ELEVEN OF THE VEHICLE AND TRAFFIC LAW;
   (B)  PROVIDE INSURANCE COVERAGE THAT SATISFIES THE FINANCIAL RESPONSI-
 BILITY REQUIREMENTS SET FORTH IN section  three  thousand  four  hundred
 twenty  of the insurance law, article fifty-one of the insurance law and
 such other requirements, rules 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;
   [(b) maintain additional insurance against  loss  from  the  liability
 imposed  by  law  for  damages  during the car sharing period, including

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10425-09-5
              

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