§ 3455. Transportation network company group insurance policies. (a)\nFor purposes of this section, the following definitions shall apply:\n (1) "Transportation network company" shall have the same meaning as\nset forth in article forty-four-B of the vehicle and traffic law.\n (2) "Certificate" or "certificate of insurance" means any policy,\ncontract or other evidence of insurance, or endorsement thereto, issued\nto a group member under a transportation network company group policy.\n (3) "Transportation network company group policy" or "group policy"\nmeans a group policy, including certificates issued to the group\nmembers, where the group policyholder is a transportation network\ncompany and the policy provides insurance to the transportation network\ncompany and to group members:\n (A) in accordance with the requirements of article forty-four-B of the\nvehicle and traffic law;\n (B) of the type described in paragraph thirteen, fourteen, or nineteen\nof subsection (a) of section one thousand one hundred thirteen of this\nchapter; and\n (C) in satisfaction of the financial responsibility requirements set\nforth in section three thousand four hundred twenty of this article,\nsubdivision four of section three hundred eleven of the vehicle and\ntraffic law, article fifty-one of this chapter, and such other\nrequirements or regulations that may apply for the purposes of\nsatisfying the financial responsibility requirements with respect to the\nuse or operation of a motor vehicle.\n (4) "Group member" means a transportation network company driver as\ndefined in article forty-four-B of the vehicle and traffic law.\n (5) "Group policyholder" means a transportation network company.\n (6) "TNC vehicle" shall have the meaning set forth in article\nforty-four-B of the vehicle and traffic law.\n (b) An insurer may issue or issue for delivery in this state a\ntransportation network company group policy to a transportation network\ncompany as a group policyholder only in accordance with the provisions\nof this section.\n (c)(1) A transportation network company group policy shall provide\ncoverage for a TNC vehicle in accordance with the requirements of\narticle forty-four-B of the vehicle and traffic law.\n (2) A transportation network company group policy may provide:\n (A) coverage for limits higher than the minimum limits required\npursuant to article forty-four-B of the vehicle and traffic law.\n (B) supplementary uninsured/underinsured motorists insurance for\nbodily injury pursuant to paragraph two of subsection (f) of section\nthree thousand four hundred twenty of this article;\n (C) supplemental spousal liability insurance pursuant to subsection\n(g) of section three thousand four hundred twenty of this chapter; and\n (D) motor vehicle physical damage coverage as described in paragraph\nnineteen of subsection (a) of section one thousand one hundred thirteen\nof this chapter.\n (3) The coverage described in paragraphs one and two of this\nsubsection may be provided in one group policy or in separate group\npolicies.\n (4) A transportation network company group policy, including\ncertificates, shall be issued by authorized insurers or from excess line\nbrokers pursuant to section sixteen six hundred ninety-three of the\nvehicle and traffic law.\n (5) A policyholder also may be an insured under a group policy.\n (d) The premium for the transportation network company group policy,\nincluding certificates may be paid by the group policyholder from the\nfunds contributed:\n (1) wholly by the group policyholder;\n (2) wholly by the group members; or\n (3) jointly by the group policyholder and the group members.\n (e) (1) Any policy dividend, retrospective premium credit, or\nretrospective premium refund in respect of premiums paid by the group\npolicyholder may:\n (A) be applied to reduce the premium contribution of the group\npolicyholder, but not in excess of the proportion to its contribution;\nor\n (B) be r
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.