2020 New York Laws
ISC - Insurance
Article 34 - Insurance Contracts-Property/casualty
3457 - Group Fleet Policy for Motor Vehicles Engaged in the Business of Carrying or Transporting Passengers For-Hire.

§  3457. Group fleet policy for motor vehicles engaged in the business
of  carrying  or  transporting  passengers  for-hire.  (a)   (i)   Every
authorized  insurer  that  issues or issues for delivery in this state a
policy  of  commercial  risk  insurance  insuring  against   losses   or
liabilities  arising  out of the ownership, operation, or use of a motor
vehicle, shall establish and offer a group fleet policy insuring against
the losses or liabilities arising out of the ownership of motor vehicles
engaged in the business of carrying or transporting passengers for-hire,
having a seating capacity of not less than eight passengers. Such  group
fleet  policy  shall  provide coverage for more than one vehicle through
one policy. Such group fleet policies shall  be  subject  to  all  laws,
rules   and  regulations  applicable  to  policies  of  commercial  risk
insurance insuring against losses or  liabilities  arising  out  of  the
ownership,  operation, or use of a motor vehicle engaged in the business
of carrying  or  transporting  passengers  for-hire,  having  a  seating
capacity of not less than eight passengers, including but not limited to
laws,   rules  and  regulations  establishing  financial  responsibility
requirements.
  (ii) For the purpose of this section, a  "group  fleet  policy"  shall
mean,  a  policy  issued by an authorized insurer in this state insuring
against losses or liabilities arising out of  ownership,  operation,  or
use  of  a  motor  vehicle  engaged  in  the  business  of  carrying  or
transporting passengers for-hire, having a seating capacity of not  less
than  eight  passengers,  and  such  policy  shall  cover  more than one
vehicle.
  (b) The group fleet policy may be issued to:
  (i) Any person, firm, association, corporation or other  entity  which
shall  be deemed the policyholder, where the policy insures the for-hire
motor vehicles owned by such person, firm, association,  corporation  or
other entity; or
  (ii)  An  association  where  such  association  shall  be  deemed the
policyholder; where all the eligible members of the association have the
same profession, trade, or occupation,  and  the  association  has  been
organized  and  maintained  in good faith for purposes principally other
than that of obtaining insurance, and has been in active  existence  for
at  least  two  years,  and  where the policy insures the members of the
association.
  (c) An authorized insurer issuing policies pursuant  to  this  section
shall  provide a multiple vehicle reduction based on the number of motor
vehicles that will be covered under such policy. Such reduction shall be
based  on  actuarially  appropriate  reductions  as  provided   for   in
subsection  (e)  of  this section. Each insurer required to provide such
reduction shall submit a report to the superintendent at the end of each
calendar year identifying the  number  of  policies  eligible  for  such
discount  and  the  number  of  policies to which such discount has been
applied.
  (d) A member of an association shall not be deemed to be  an  employee
of  such association solely because such member is covered under a group
fleet policy issued to an association pursuant to this section.
  (e) Authorized insurers required to  establish  group  fleet  policies
pursuant to this section shall make such policies available for purchase
no later than January first, two thousand twenty-one.
  (f)  The  superintendent  shall provide for an actuarially appropriate
reduction in  the  rates  of  premiums  for  commercial  risk  insurance
applicable  to  motor  vehicles  engaged  in the business of carrying or
transporting passengers for-hire, having a seating capacity of not  less
than  eight  passengers, for policies that provide coverage for multiple
vehicles. Nothing in this section shall be construed  to  authorize  any

increase in premium rates for any other policy issued by such authorized
insurer as a result of any group fleet policy premium rate.
  (g)  The  superintendent  may  promulgate  any  rules  and regulations
necessary to implement the provisions of this section.