Relates to financial responsibility requirements for transportation network companies

Summary

The bill amends New York law so that any driver for a transportation network company (TNC) must have auto liability insurance covering at least $1.25 million for each pre‑arranged ride. The required coverage includes standard bodily injury/death and property damage limits, supplementary uninsured/underinsured motorist protection of the same amount, and the minimum uninsured motorist coverage required by state law. The rule becomes effective immediately.

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