A1507

Lowers minimum uninsured and underinsured motorist coverage for transportation network companies and drivers.

This bill amends the law to lower the minimum amount of uninsured and underinsured motorist coverage required for transportation network companies and their drivers when providing prearranged rides. The required coverage is reduced from $1,500,000 to $25,000 for plans issued or renewed between January 1, 2023, and January 1, 2026, and to $35,000 for plans issued or renewed after January 1, 2026. The bill also mandates that transportation network companies and drivers maintain primary automobile liability insurance, personal injury protection benefits, and medical payments benefits.