Bill > S04809

This bill establishes a captive insurance program specifically designed for certain types of transportation vehicles that carry 9 to 24 passengers, including commuter vans, pre-arranged for-hire vehicles, black cars, ambulettes, paratransit vehicles, and small school buses. The bill directs the insurance superintendent to create standards for enrolling eligible vehicles and monitoring the performance of captive insurance companies in providing affordable coverage. It comprehensively defines key terms, with "accessible vehicle" receiving extensive detail, including requirements such as Americans with Disabilities Act compliance, wheelchair accommodation, assistive listening systems, braille signage, and special adaptations for passengers with various disabilities. The captive insurance companies must provide minimum legal insurance coverage, and all no-fault insurance for these vehicles will use existing workers' compensation medical treatment guidelines. The legislation aims to create a more tailored and potentially more affordable insurance option for these specific transportation service providers, recognizing their unique operational characteristics and accessibility needs.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S4809