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California DOI issues notice on Proposition 22 Insurance provisions

On February 3rd, 2021 the California Department of Insurance issued a notice regarding the newly enacted Proposition 22 and related insurance coverage for app-based transportation occupations.
Proposition 22 requires the expansion of certain types of insurance coverage for app-based transportation occupations within the state of California. The types of expanded coverage include accidental medical expense coverage, disability/income loss coverage, and accidental death coverage, etc.¬†Transportation Network Companies (“TNC”) and Delivery Network Companies (“DNC”) are required to carry, provide, or otherwise make available to their app-based drivers no later than March 16, 2021
Please find additional details contained within the Notice linked  HERE.
For more information on this Notice, or any other regulatory compliance matter, please contact Westmont Associates, Inc.
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