Bill > A06576

This bill amends existing laws to modify insurance requirements for peer-to-peer car sharing programs (P2P car sharing). Specifically, the bill requires P2P car sharing program administrators to maintain insurance coverage that is three times the financial responsibility requirements set by the vehicle and traffic law. The bill removes previous requirements for maintaining additional insurance against liability and instead mandates that administrators either provide additional liability insurance or offer shared vehicle owners and drivers the opportunity to purchase such insurance. The legislation also updates disclosure requirements for P2P car sharing agreements, requiring programs to clearly explain insurance coverage, limits, and exclusions to users. This includes detailing the types of additional insurance available and stating that purchasing extra insurance is not mandatory. The bill aims to standardize and clarify insurance protections for users of peer-to-peer car sharing services, ensuring transparency and adequate financial coverage during car sharing periods. The changes will take effect 180 days after the bill becomes law, giving car sharing companies time to adjust their policies and practices to comply with the new requirements.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A6576