Bill > A1507

Introduced Session

This bill lowers the minimum amount of uninsured and underinsured motorist coverage required to be maintained by a transportation network company driver, a transportation network company, or any combination of the two whenever a transportation network company driver is providing a prearranged ride. Under the bill, the required coverage would be lowered from $1,500,000 to (1) an amount or limit of $25,000 for plans issued or renewed on or after January 1, 2023 but prior to January 1, 2026, and $35,000 for plans issued or renewed on or after January 1, 2026, exclusive of interest and costs, on account of injury to, or death of, one person, in any one accident; (2) an amount or limit, subject to such limit for any one person so injured or killed, of $50,000 for plans issued or renewed after January 1, 2023 but prior to January 1, 2026, and $70,000 for plans issued or renewed after January 1, 2026, exclusive of interest and costs, on account of injury to or death of, more than one person, in any one accident; and (3) an amount or limit of $25,000, exclusive of interest and costs, for damage to property in any one accident for plans issued or renewed after January 1, 2023.

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Roy Freiman (D)*,  Sterley Stanley (D)*,  David Bailey (D),  Melinda Kane (D),  Robert Karabinchak (D),  Alexander Schnall (D), 

Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 01/13/2026)

Official Document