New York S 6084: Relates to establishing a captive insurance program for commuter vans

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S06084 Summary:

BILL NOS06084 

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SAME ASNo Same As

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SPONSORPARKER

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COSPNSRCOMRIE, JACKSON, MYRIE, PERSAUD, SANDERS, SEPULVEDA

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MLTSPNSR

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Add §7013, Ins L

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Relates to establishing a captive insurance program for commuter vans.

Go to top S06084 Actions:

BILL NOS06084 

&nbsp

03/05/2025REFERRED TO INSURANCE

01/07/2026REFERRED TO INSURANCE

Go to topS06084 Committee&nbspVotes:

Go to topS06084 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS06084 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6084

 2025-2026 Regular Sessions

 IN SENATE

 March 5, 2025
 ___________

 Introduced by Sens. PARKER, COMRIE, JACKSON, MYRIE, PERSAUD, SANDERS,
 SEPULVEDA -- read twice and ordered printed, and when printed to be
 committed to the Committee on Insurance

 AN ACT to amend the insurance law, in relation to establishing a captive
 insurance program for commuter vans

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The insurance law is amended by adding a new section 7013
 2 to read as follows:
 3 § 7013. Captive insurance program for commuter vans. (a) The super-
 4 intendent shall implement a captive insurance program for commuter vans
 5 that are engaged in the business of carrying or transporting passengers
 6 for hire. The program shall include, but shall not be limited to:
 7 (1) identifying and licensing a captive insurance company or companies
 8 to provide necessary insurance coverage to commuter vans;
 9 (2) standards for enrollment of eligible commuter vans, including
 10 mechanisms for determining eligibility; and
 11 (3) standards for monitoring the performance of such captive insurance
 12 company or companies in providing affordable insurance coverage to
 13 commuter vans participating in the program.
 14 (b) For the purposes of this section, the term "commuter van" shall
 15 have the same meaning as such term is defined in section 19-502 of the
 16 administrative code of the city of New York.
 17 § 2. This act shall take effect on the ninetieth day after it shall
 18 have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10635-01-5

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