New Regulations for Ride-Sharing in New York

New York’s Governor Cuomo has announced new regulations governing ride-sharing in the state. The regulations require that certain information be provided in the ride-sharing app to protect customers, including a photo of the driver, information about the vehicle, the vehicle’s license plate number, and the fare or estimated fare for the trip. To be licensed, ride-sharing companies must submit an application, initial fees, and annual renewal fees. They must also hold liability insurance of $1.25 million per accident and must provide workers’ compensation coverage for drivers. Drivers themselves must pass a criminal background check, and their license history will be tracked and reported. These regulations are to be implemented by June 29.

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