American Property Casualty Insurance Association
  • Staff Contact: Brooke Kelley     
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  • FOR RELEASE ON RECEIPT
  • April 30, 2015
  • PCI Commends Oklahoma Legislature for Passing Rideshare Bill
  • OKLAHOMA CITY – Today the Oklahoma House of Representatives passed legislation (HB 1614) on commercial ridesharing that will help protect drivers, passengers and the public by closing the gaps in insurance coverage that currently exist, according to the Property Casualty Insurers Association of America (PCI). The bill will now be sent to the governor.

    House Bill 1614 requires transportation network companies (TNCs) such as Uber, Lyft and Sidecar to provide primary insurance coverage and make specific disclosures to their drivers regarding insurance coverage. The bill is consistent with the TNC Insurance Model Bill which provides a framework for bringing clarity and consistency to TNC insurance laws and helping to ensure that this is a safe transportation option.

    “This bill not only protects rideshare drivers, but the people of Oklahoma by closing insurance gaps the entire time the driver is involved in rideshare activities,” said Joe Woods, PCI’s vice president of state government relations. “Transportation network company drivers and their passengers need to know that their personal auto policy will not cover them if they are injured or if the vehicle is damaged in an accident, potentially leaving them liable if something were to happen. House Bill 1614 provides clarity regarding who is providing insurance coverage if an incident were to occur and promotes public safety and consumer choice. We encourage Governor Fallin to sign the legislation.”
  • 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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