The Illinois Senate this week passed legislation requiring app-based ridesharing companies’ major insurance be in influence the complete time the app is turned on.
Residence Bill 4075 passed 46 to 8 and establishes regulations for transportation ne2rk companies that are equivalent to those that apply to other similar industrial driving activities.
In addition to requiring background checks on drivers, car inspections, and chauffeur licenses for drivers who operate a lot more than 18 hours a week, the bill clarifies an essential insurance coverage coverage question by establishing that the TNC firms’ industrial insurance coverage is main and that it is in effect the complete time a driver’s app is on and is accessible to accept a ride or has a passenger.
“This legislation is a optimistic step forward and sets a affordable regular to make sure that the public is protected if there is an accident while enabling this revolutionary new market to continue to develop,” stated Jeffrey Junkas, regional manager the Property Casualty Insurers Association of America, which has been speaking out for insurance regulations on TNCs.
Illinois Senate Passes Ride Share Legislation
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