Bill > S00409

This bill amends the New York Vehicle and Traffic Law to require common carrier ambulettes and paratransit vehicles (which are vehicles that transport passengers for hire and have a seating capacity of at least 8 passengers) to have a minimum indemnity bond or insurance policy of $500,000 for bodily injury or death and property damage in any one accident. This bill aims to increase the minimum insurance coverage required for these types of passenger transport vehicles to ensure adequate financial protection in the event of an accident.