Insurance Commissioner Recommends Uber, Lyft & Sidecar Bear the Burden of Providing Insurance
Targeted News Service |
Transportation Network Companies (TNCs) such as
"While smart phone technology is bringing new business opportunities to the marketplace and new transportation choices for consumers, our investigative hearing revealed serious insurance gaps in the current business model of Transportation Network Companies such as
Commissioner Jones' recommendations include:
* Requiring TNCs to provide
* Requiring TNCs to provide
* Requiring TNCs to provide insurance policy information to TNC drivers to carry in their cars
* Requiring TNCs to disclose to drivers that their personal auto insurance coverages may not apply while they drive for the TNC
* Requiring TNCs to provide comprehensive and collision coverage for the driver's auto if the driver has those coverages on the driver's own policy
* Legislature should revisit the ridesharing and casual carpooling laws to allow for apps that match not-for-profit drivers with casual riders
The commissioner's letter and complete recommendations to the
CC AutoTriage5rn-140410-30FurigayJane-4698227 30FurigayJane
Copyright: | (c) 2014 Targeted News Service |
Wordcount: | 298 |
Cheapest Car Insurance Rates in the USA – Tech-savvy Consumers are Saving Hundreds Online
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News