Bill > A10072

This bill amends the insurance law to establish a captive insurance program for commuter vans, which are vehicles engaged in the business of carrying or transporting passengers for hire. The program will include identifying and licensing captive insurance companies to provide necessary coverage, setting standards for enrollment and eligibility of commuter vans, and monitoring the performance of the captive insurance companies in providing affordable coverage to participating commuter vans. The bill defines "commuter van" as per the administrative code of New York City.