New York 2025-2026 Regular Session

New York Assembly Bill A05113

Introduced
2/12/25  
Refer
2/12/25  
Report Pass
5/28/25  
Refer
5/28/25  

Caption

Establishes a captive insurance program for commuter vans, black cars, ambulettes and paratransit vehicles, small school buses, and charter buses that are engaged in the business of carrying or transporting nine to twenty-four passengers for hire; pre-arranged for-hire vehicles and accessible vehicles; defines terms.

Summary

Bill A05113 establishes a captive insurance program specifically for commuter vans, black cars, ambulettes, paratransit vehicles, small school buses, and other pre-arranged for-hire vehicles that transport between nine to twenty-four passengers for hire. The bill allows these transportation services to create group captive insurance companies, which are designed to provide affordable insurance coverage tailored to their specific needs. The bill also sets forth definitions for various types of vehicles involved in this program and outlines the responsibilities of the superintendent in implementing standards for eligibility and performance monitoring of these captive insurance companies.

Impact

The bill amends existing insurance and vehicle traffic laws to facilitate the creation of captive insurance companies for specific transportation services. This change is expected to enhance the availability of affordable insurance options for commuter vans and similar vehicles, which may lead to increased operational stability for these services. It also introduces a framework for ensuring that these captive insurance companies meet minimum coverage requirements and adhere to medical treatment guidelines established under workers' compensation law.

Sentiment

The sentiment around Bill A05113 appears to be generally favorable, as indicated by the voting outcome in the Assembly Insurance Committee, where it received 20 votes in favor and only 4 against. This suggests a supportive view among committee members regarding the need for more accessible insurance solutions for transportation services that cater to the public.

Contention

While the bill has garnered support, there may be concerns regarding the regulatory oversight of captive insurance companies and whether they will adequately meet the insurance needs of the various transportation services. Some stakeholders may worry about the potential risks associated with captive insurance structures, particularly in terms of financial stability and consumer protection. However, specific points of contention were not detailed in the available committee discussions or voting records.

Companion Bills

NY S04809

Same As Establishes a captive insurance program for commuter vans, black cars, ambulettes and paratransit vehicles, small school buses, and charter buses that are engaged in the business of carrying or transporting nine to twenty-four passengers for hire; pre-arranged for-hire vehicles and accessible vehicles; defines terms.

Previously Filed As

NY S04809

Establishes a captive insurance program for commuter vans, black cars, ambulettes and paratransit vehicles, small school buses, and charter buses that are engaged in the business of carrying or transporting nine to twenty-four passengers for hire; pre-arranged for-hire vehicles and accessible vehicles; defines terms.

NY A10594

Relates to risk retention groups and commuter vans, pre-arranged for-hire vehicles, or accessible vehicles; defines terms; makes related provisions.

NY S00051

Relates to risk retention groups and commuter vans, pre-arranged for-hire vehicles, or accessible vehicles; defines terms; makes related provisions.

NY A06282

Relates to risk retention groups and commuter vans, pre-arranged for-hire vehicles, or accessible vehicles; defines terms; makes related provisions.

NY S02130

Enacts the "New York small contractor relief act"; defines terms; authorizes a small contractor captive insurance company to purchase, and the New York state insurance fund shall be authorized and directed to provide, reinsurance and retrocession reinsurance for such captive insurance company, on either a quota share arrangement or facultative arrangement at a rate to be determined by the board of the fund; provides that a small contractor captive insurance company organized pursuant to this article shall not refuse to issue, renew or cancel a policy of any qualified small construction contractor based upon geographic location or line of business engaged in by such contractor; makes related provisions.

NY A02245

Enacts the "New York small contractor relief act"; defines terms; authorizes a small contractor captive insurance company to purchase, and the New York state insurance fund shall be authorized and directed to provide, reinsurance and retrocession reinsurance for such captive insurance company, on either a quota share arrangement or facultative arrangement at a rate to be determined by the board of the fund; provides that a small contractor captive insurance company organized pursuant to this article shall not refuse to issue, renew or cancel a policy of any qualified small construction contractor based upon geographic location or line of business engaged in by such contractor; makes related provisions.

NY A08872

Directs the department of motor vehicles to develop a plan to increase the availability of wheelchair accessible vehicles, by county, in New York state outside of the city of New York; defines accessibility; requires a report to identify any existing local guidelines for accessible vehicles; directs development of benchmarks for increasing wheelchair accessible vehicles.

NY A06635

Establishes the green transition authority to promote the transition of the for-hire vehicle and other state industries to environmentally sustainable practices and increase universal accessibility of for-hire vehicles, paratransit services, and taxi services statewide; establishes a for-hire vehicle improvement surcharge for each for-hire transportation trip conducted in a transportation network company vehicle or by a high-volume for-hire service; makes an appropriation therefor.

NY A2132

Requires paratransit vehicle operators to announce stops for passengers.*

NY S00409

Provides for a minimum indemnity bond or insurance policy of $500,000 required by certain common carrier ambulettes and paratransit vehicles.

Similar Bills

No similar bills found.