N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 60-1.9

Current through Register Vol. 46, No. 45, November 2, 2024

Section 60-1.9 - Peer-to-peer car sharing vehicle

(a) An owner's policy of liability insurance shall not be required to provide excess coverage over a group policy issued pursuant to article 40 of the General Business Law until February 1, 2024, where the insurer that issued the owner's policy of liability insurance has filed with the department a coverage exclusion under section 60-1.2(j) of this Subpart.

(b) Every insurer writing an owner's policy of liability insurance shall provide an annual written notice to the named insured under such a policy advising the named insured whether, or to what extent, it provides coverage under the policy while the vehicle is being used as a shared vehicle pursuant to General Business Law article 40. The notice shall also state whether the insurer makes such coverage available on an optional basis.

N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 60-1.9

Adopted New York State Register October 5, 2022/Volume XLIV, Issue 40, eff. 9/15/2022

Adopted New York State Register December 28, 2022/Volume XLIV, Issue 52, eff. 12/13/2022

Amended New York State Register February 8, 2023/Volume XLV, Issue 06, eff. 2/8/2023