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Assembly committee approves SB 371 to lower rideshare uninsured/underinsured motorist limits; proponents and opponents dispute effect on fares and protection
Summary
The California Assembly Communications and Conveyance Committee voted to give SB 371 a due-pass recommendation as amended, sending the bill to Appropriations. The measure would reduce required uninsured/underinsured motorist (UIM) coverage for transportation network companies and require a joint study by state regulators.
The California Assembly Communications and Conveyance Committee voted to give SB 371 a due-pass recommendation as amended, sending the bill to the Committee on Appropriations. The bill, carried by Sen. Cabaldon, would lower the required uninsured/underinsured motorist (UIM) coverage for transportation network companies and direct state regulators to study impacts.
SB 371’s author, Sen. Cabaldon, told the committee the bill targets only the UIM layer of coverage, which he said was set early in the sector’s development and now exceeds the level of claims. “This legislation is here because when the rideshare sector began … we had to come up with a comprehensive regulatory framework,” Cabaldon said, and the UIM portion “happened to be what one of the rideshare companies…
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