Requires a minimum $500,000 bond or insurance policy for common carrier ambulettes and paratransit vehicles.
Amends the vehicle and traffic law to require a minimum indemnity bond or insurance policy of $500,000 for common carrier ambulettes and paratransit vehicles engaged in carrying or transporting passengers for hire. This applies to vehicles with a seating capacity of not less than eight passengers. The change aims to ensure adequate financial protection for passengers and property in case of accidents.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.