New York S05482 mandates a minimum $500,000 indemnity bond or insurance policy for common carrier ambulettes and paratransit vehicles.

New York S05482 amends the vehicle and traffic law to require a minimum $500,000 indemnity bond or insurance policy for common carrier ambulettes and paratransit vehicles. This applies to vehicles engaged in the business of carrying or transporting passengers for hire, with a seating capacity of at least eight passengers. The bill specifies that this policy must cover bodily injury or death to one or more persons and injury to or destruction of property in any one accident. The changes take effect immediately.

New York S05482 mandates a minimum $500,000 indemnity bond or insurance policy for common carrier ambulettes and paratransit vehicles.

New York S05482 amends the vehicle and traffic law to require a minimum $500,000 indemnity bond or insurance policy for common carrier ambulettes and paratransit vehicles. This applies to vehicles engaged in the business of carrying or transporting passengers for hire, with a seating capacity of at least eight passengers. The bill specifies that this policy must cover bodily injury or death to one or more persons and injury to or destruction of property in any one accident. The changes take effect immediately.