Bill > S00051

This bill amends the New York Vehicle and Traffic Law to expand the types of risk retention groups (RRGs) that can provide insurance for certain vehicles. The legislation introduces specific definitions for three types of vehicles: commuter vans, pre-arranged for-hire vehicles, and accessible vehicles. Under the new provisions, risk retention groups not chartered in New York but registered with the state's financial services superintendent can now provide insurance for these vehicle types, provided they are not used solely for personal use by directors, officers, or their relatives. The bill defines these vehicle types in detail, with "accessible vehicles" having particularly comprehensive requirements, including compliance with Americans with Disabilities Act standards, specialized equipment for passengers with mobility or sensory impairments, and specific features like wheelchair accommodations, assistive listening systems, and braille signage. Additionally, the bill requires risk retention groups to report examinations, audits, or investigations performed by other state insurance commissioners within 60 days to prevent duplicate oversight. The changes aim to provide more flexibility in insurance options for specialized transportation services while maintaining regulatory oversight.

Business and Industry, Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S51