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- Texas Governor Signs Rideshare Legislation
AUSTIN, TX – The Property Casualty Insurers Association of America (PCI) commends Texas Governor Greg Abbott for signing House Bill 1733, which would require transportation network company (TNC) drivers in Texas to have adequate insurance coverage.
"HB 1733 requires TNC drivers to have proper insurance coverage from the time the app is turned on until it's turned off, thereby protecting themselves, their passengers and the public," said Joe Woods, PCI's vice president of state government relations.
HB 1733 is based on the national compromise language and addresses insurance issues only.
"This legislation provides a framework that will help bring clarity and consistency to TNC insurance laws, enhance consumer choice, increase entrepreneurial activity and bring greater stability and confidence to the transportation network industry," added Woods.
The law goes into effect January 1, 2016
- PCI promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of nearly 1,000 member companies, representing the broadest cross section of insurers of any national trade association. PCI members write more than $195 billion in annual premium, 35 percent of the nation's property casualty insurance. Member companies write 42 percent of the U.S. automobile insurance market, 28 percent of the homeowners market, 33 percent of the commercial property and liability market and 35 percent of the private workers compensation market.
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