New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter III - Policy and Certificate Provisions
Subchapter B - Property and Casualty Insurance
Part 60 - Minimum Provisions For Automobile Liability Insurance Policies And Supplementary Uninsured Motorists Insurance
Subpart 60-1 - Minimum Provisions For Automobile Liability Insurance Policies
Section 60-1.9 - Peer-to-peer car sharing vehicle
Current through Register Vol. 46, No. 39, September 25, 2024
(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.
