Relates to the amount of the indemnity bond or insurance required by common carrier ambulettes and paratransit vehicles

This bill increases the minimum insurance requirement for specific transportation services. It reduces the required coverage from $1.5 million to $500,000 for common carrier ambulettes, paratransit vehicles, and commuter vans (with seating capacity of eight or more passengers) used to transport passengers for hire. The key change sets a new combined single limit of $500,000 for bodily injury, death, or property damage in a single accident for these vehicles. This directly affects operators of these specialized passenger transport services in New York.