S.00051

New York S00051 amends vehicle and traffic law to address risk retention groups and insurance requirements for commuter vans, pre-arranged for-hire.

New York S00051 amends the vehicle and traffic law to modify insurance requirements for commuter vans, pre-arranged for-hire vehicles, and accessible vehicles. It defines these terms and specifies the insurance coverage needed. The bill also addresses risk retention groups, particularly those not chartered in New York but registered under federal law. It mandates that such groups must be comprised entirely of tax-exempt organizations and qualify as charitable risk pools. The bill ensures these vehicles are not used solely for personal use by directors, officers, or related parties.