Relates to the kinds of insurance with respect to which a rental vehicle company or peer-to-peer car sharing program administrator may act as an agent for an authorized insurer

More insurance choices for car-sharing and rentals

New York rental companies and peer-to-peer car-sharing programs can offer more insurance options as agents for authorized insurers. Accident and health coverage can protect renters, other occupants, shared-car owners, and shared-car drivers during the rental or sharing period. It covers accidental death, loss of limbs, or medical expenses above standard no-fault benefits. The Superintendent of Insurance can approve other coverage that is meaningful and appropriate for rentals or car-sharing. The law takes effect at the same time and in the same manner as the related 2025 car-sharing insurance law identified by bills S.5941-B and A.6576-B.