File #: Int 1050-2024    Version: * Name: Limiting the amount of liability coverage that the taxi and limousine commission may require for vehicles it licenses.
Type: Introduction Status: Committee
Committee: Committee on Transportation and Infrastructure
On agenda: 9/26/2024
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to limiting the amount of liability coverage that the taxi and limousine commission may require for vehicles it licenses
Sponsors: Carmen N. De La Rosa, Diana I. Ayala, Chris Banks, Chi A. Ossé, Christopher Marte, Crystal Hudson, Nantasha M. Williams, Lincoln Restler, Shekar Krishnan, Jennifer Gutiérrez, Pierina Ana Sanchez, Althea V. Stevens, Sandy Nurse, Joseph C. Borelli
Council Member Sponsors: 14
Summary: This bill would prohibit the Taxi and Limousine Commission from requiring the vehicles it licenses to have personal injury protection (also known as no-fault) liability coverage in an amount greater than the amount required by state law.
Attachments: 1. Summary of Int. No. 1050, 2. Int. No. 1050, 3. September 26, 2024 - Stated Meeting Agenda, 4. Hearing Transcript - Stated Meeting 9-26-24

Int. No. 1050

 

By Council Members De La Rosa, Ayala, Banks, Ossé, Marte, Hudson, Williams, Restler, Krishnan, Gutiérrez, Sanchez, Stevens, Nurse and Borelli

 

A Local Law to amend the administrative code of the city of New York, in relation to limiting the amount of liability coverage that the taxi and limousine commission may require for vehicles it licenses

 

Be it enacted by the Council as follows:

 

Section 1. Chapter 5 of title 19 of the administrative code of the city of New York is amended by adding a new section 19-557 to read as follows:

§ 19-557 Liability coverage for licensed vehicles. The commission shall not require an owner of a licensed vehicle to maintain liability coverage for the expenses specified in paragraphs (1), (2), and (3) of subdivision (a) of section 5102 of the insurance law in an amount that exceeds the amount of liability coverage for such expenses required by state law. This section does not prohibit any person from voluntarily purchasing liability coverage in excess of such amount.

§ 2. This local law takes effect immediately.

EH

LS #17099

9/19/2024 3:45 PM