Requires liability insurance for bicycles, bicycles with electric assist and electric scooters in cities having a population of one million or more

This bill requires liability insurance for bicycles (including electric assist models) and electric scooters operated in cities with populations of one million or more, outside the owner's private property. Owners must maintain insurance covering personal injury or property damage, and display proof upon request by authorities or affected parties. The requirement applies only to cities exceeding one million residents (like New York City), excluding use on the owner's own land. Exceptions allow self-insurance for government agencies or businesses with proof of financial capacity.