Allows rental vehicle companies and peer-to-peer car sharing program administrators to act as agents for insurers offering accident and health.
New York S08786 amends the insurance law to allow rental vehicle companies and peer-to-peer car sharing program administrators to act as agents for authorized insurers. This includes offering accident and health insurance for shared vehicle owners, shared vehicle drivers, or both. The superintendent of financial services can approve additional coverage deemed meaningful and appropriate for shared vehicles. This change aims to enhance insurance options for those involved in vehicle sharing programs.
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- Core Provisions
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- Legal Framework
- Critical Issues
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