S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5941
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               March 4, 2025
                                ___________
 
 Introduced  by  Sen. SKOUFIS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Insurance
 
 AN ACT to amend the general business law, in relation to requiring peer-
   to-peer car sharing programs provide certain insurance coverage
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision 2 of section 901 of the general business law,
 as amended by chapter 129 of the laws of 2022, is  amended  to  read  as
 follows:
   2. A peer-to-peer car sharing program administrator, during each peer-
 to-peer  car  sharing period for each shared vehicle that it facilitates
 the use and operation of, shall maintain insurance that provides  finan-
 cial responsibility coverage as follows:
   (a)  provide  insurance  coverage [that satisfies] IN AMOUNTS EQUAL TO
 the financial responsibility requirements set  forth  in  SECTION  THREE
 HUNDRED  ELEVEN  OF  THE VEHICLE AND TRAFFIC LAW, section three thousand
 four hundred twenty of the  insurance  law,  article  fifty-one  of  the
 insurance law and such other requirements, rules or regulations that may
 apply  for  the  purposes  of  satisfying  the  financial responsibility
 requirements with respect to the use or operation of a motor vehicle;
   (b) [maintain additional insurance against  loss  from  the  liability
 imposed  by  law  for  damages  during the car sharing period, including
 damages for care and loss of services, because of bodily  injury  to  or
 death of any person and injury to or destruction of property arising out
 of  the  ownership, maintenance, use or operation of a specific personal
 vehicle or vehicles within the state, or elsewhere in the United  States
 or  Canada,  subject  to  a limit, exclusive of interest and costs, with
 respect to each such occurrence, of at least  one  million  two  hundred
 fifty  thousand  dollars  because  of  bodily  injury to or death of any
 person, and injury to or destruction of property;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10425-01-5
 S. 5941                             2
              

   (c) provide coverage in accordance  with  subsection  (f)  of  section
 three  thousand  four  hundred  twenty  of  the insurance law, providing
 supplementary uninsured/underinsured motorist insurance for bodily inju-
 ry, subject to a limit per occurrence in the amount of one  million  two
 hundred  fifty thousand dollars because of bodily injury or death of any
 person;
   (d)] the insurance required under this subdivision need not be  coter-
 minous with the registration period of the shared vehicle insured; and
   [(e)]  (C)  For purposes of article fifty-one of the insurance law, 11
 NYCRR Part 65 and general liability claims, notice to the shared vehicle
 owner, shared vehicle driver, peer-to-peer car sharing program  adminis-
 trator, or any insurer of the shared vehicle owner, shared vehicle driv-
 er, or peer-to-peer car sharing program administrator of any claim shall
 be  deemed  notice  to all appropriate parties and insurers.  Any shared
 vehicle owner, shared vehicle driver, peer-to-peer car  sharing  program
 administrator,  or any insurer of the shared vehicle owner, shared vehi-
 cle driver, or peer-to-peer car sharing program administrator  receiving
 such notice shall provide such notice to all appropriate parties.
   §  2.  This  act shall take effect on the ninetieth day after it shall
 have become a law. Effective immediately, the addition, amendment and/or
 repeal of any rule or regulation necessary  for  the  implementation  of
 this  act  on its effective date are authorized to be made and completed
 on or before such effective date.