Relates to captive insurance for commuter vans, black cars, ambulettes and paratransit vehicles, and small school buses, pre-arranged for-hire vehicles, and accessible vehicles

Summary

The bill lets operators of commuter vans, small school buses, black cars, ambulettes, paratransit and other accessible vehicles form group captive insurers to obtain affordable coverage. The State Superintendent of Financial Services must set rules for which vehicles can join and how the captives are monitored. Captive insurers must meet the minimum insurance limits required by law and follow existing workers’ compensation medical guidelines for no‑fault claims.

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