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Senate Bill S8786

2025-2026 Legislative Session

Relates to the kinds of insurance with respect to which a rental vehicle company or peer-to-peer car sharing program administrator may act as an agent for an authorized insurer

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Current Bill Status - In Senate Committee Rules Committee

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2025-S8786 (ACTIVE) - Details

See Assembly Version of this Bill:
A9508
Current Committee:
Senate Rules
Law Section:
Insurance Law
Laws Affected:
Amd §2131, Ins L (as proposed in S.5941-B & A.6576-B)

2025-S8786 (ACTIVE) - Summary

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.

2025-S8786 (ACTIVE) - Sponsor Memo

2025-S8786 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8786
 
                             I N  S E N A T E
 
                              January 8, 2026
                                ___________
 
 Introduced  by  Sen. SKOUFIS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the insurance law, in relation to the kinds of insurance
   with respect to which a rental vehicle  company  or  peer-to-peer  car
   sharing  program  administrator  may act as an agent for an authorized
   insurer

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subparagraphs  (B) and (D) of paragraph (1) of subsection
 (d) of section 2131 of the insurance law, as amended by a chapter of the
 laws of 2025 amending the general business law  and  the  insurance  law
 relating  to requiring peer-to-peer car sharing programs provide certain
 insurance coverage, as proposed in legislative bills numbers  S.  5941-B
 and A.  6576-B, are amended to read as follows:
   (B)  accident  and  health insurance that provides coverage to renters
 and other vehicle occupants, OR THAT PROVIDES COVERAGE TO SHARED VEHICLE
 OWNERS, SHARED VEHICLE DRIVERS, OR A COMBINATION THEREOF, in  excess  to
 the standard first party benefits provided pursuant to article fifty-one
 of  this  chapter,  for  accidental  death  and/or dismemberment and for
 medical expenses resulting from  an  accident  that  occurs  during  the
 rental period or during the peer-to-peer car sharing period;
   (D) any other coverage that the superintendent may approve as meaning-
 ful  and  appropriate in connection with the rental of motor vehicles OR
 THE SHARING OF A SHARED VEHICLE; or
   § 2. This act shall take effect on the  same  date  and  in  the  same
 manner  as  a  chapter of the laws of 2025 amending the general business
 law and the insurance law relating to requiring peer-to-peer car sharing
 programs provide certain insurance coverage, as proposed in  legislative
 bills numbers S. 5941-B and A. 6576-B, takes effect.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10425-10-6



              

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