New York S05941 mandates peer-to-peer car sharing programs to provide insurance coverage equal to financial responsibility requirements, removing.

New York S05941 amends the general business law and the insurance law to require peer-to-peer car sharing programs to provide insurance coverage equal to the financial responsibility requirements set forth in section three hundred eleven of the vehicle and traffic law. The bill removes requirements relating to requiring additional insurance coverage. It also mandates that peer-to-peer car sharing program agreements disclose specific information to shared vehicle owners and drivers, including daily rates, fees, coverage limits, and exclusions.

New York S05941 mandates peer-to-peer car sharing programs to provide insurance coverage equal to financial responsibility requirements, removing.

New York S05941 amends the general business law and the insurance law to require peer-to-peer car sharing programs to provide insurance coverage equal to the financial responsibility requirements set forth in section three hundred eleven of the vehicle and traffic law. The bill removes requirements relating to requiring additional insurance coverage. It also mandates that peer-to-peer car sharing program agreements disclose specific information to shared vehicle owners and drivers, including daily rates, fees, coverage limits, and exclusions.