Regulates insurance coverage for autonomous vehicles and establishes safety protocols for school zones.

This bill mandates the establishment of an insurance pool for autonomous vehicles (AV) to manage risks and ensure financial stability. It requires the Department of Insurance to create regulations for the pool, including funding mechanisms and eligibility criteria. The bill also imposes penalties for noncompliance with AV regulations, including fines up to $50,000 for violations during school hours or high pedestrian traffic periods. It mandates AVs to recognize and halt in geofenced zones around school buses and to reduce speed to 15 mph in school zones.

Regulates insurance coverage for autonomous vehicles and establishes safety protocols for school zones.

This bill mandates the establishment of an insurance pool for autonomous vehicles (AV) to manage risks and ensure financial stability. It requires the Department of Insurance to create regulations for the pool, including funding mechanisms and eligibility criteria. The bill also imposes penalties for noncompliance with AV regulations, including fines up to $50,000 for violations during school hours or high pedestrian traffic periods. It mandates AVs to recognize and halt in geofenced zones around school buses and to reduce speed to 15 mph in school zones.