Establishes a captive insurance program for commuter vans, black cars, ambulettes, paratransit vehicles, small school buses, and charter buses.

New York S04809 establishes a captive insurance program for commuter vans, black cars, ambulettes, paratransit vehicles, small school buses, and charter buses that carry nine to twenty-four passengers for hire. The bill also includes pre-arranged for-hire vehicles and accessible vehicles. It defines terms such as "commuter van," "pre-arranged for-hire vehicle," and "accessible vehicle." The captive insurance companies must provide minimum limits and coverages as required by law. The program includes standards for enrollment and monitoring the performance of the captive insurance companies.

Establishes a captive insurance program for commuter vans, black cars, ambulettes, paratransit vehicles, small school buses, and charter buses.

New York S04809 establishes a captive insurance program for commuter vans, black cars, ambulettes, paratransit vehicles, small school buses, and charter buses that carry nine to twenty-four passengers for hire. The bill also includes pre-arranged for-hire vehicles and accessible vehicles. It defines terms such as "commuter van," "pre-arranged for-hire vehicle," and "accessible vehicle." The captive insurance companies must provide minimum limits and coverages as required by law. The program includes standards for enrollment and monitoring the performance of the captive insurance companies.