The National Association of Insurance Commissioners (NAIC) released a white paper on ridesharing offering several suggestions for how state regulators should deal with insurance issues on coverage for ridesharing.
The NAIC paper, "Transportation Network Company Insurance Principles for Legislators and Regulators", provides a guide for state and local policymakers when adopting laws or regulations regarding transportation network companies (TNCs). Ridesharing services offered by transportation network companies like Uber and Lyft present new insurance coverage challenges, and state insurance regulators are helping state legislators consider how best to address insurance coverage gaps associated with TNCs, as legislation regarding TNCs is pending in at least 35 states.
The paper recommends a range of potential state-based regulatory solutions including insurance coverage gaps, coverage amounts, and types of coverage, as well as the need for consumer outreach and education regarding these new transportation services.
NAIC White Paper on Ridesharing.