HB2729 amends Arizona Revised Statutes sections 28-4038 and 28-4039, which relate to insurance coverage requirements for transportation companies. The bill increases the minimum primary commercial motor vehicle liability insurance required for transportation network companies from $250,000 to $1,000,000 per incident when a passenger is occupying the vehicle. Additionally, it modifies the minimum primary commercial uninsured motorist coverage required for transportation network companies, taxis, livery vehicles, and limousines from $250,000 per incident to $25,000 per person and $75,000 per incident, or the statutory minimum liability limit for bodily injury or death, whichever is greater.

The bill also specifies that the greater of either the minimum uninsured motorist coverage or the statutory minimum liability limit for bodily injury or death must be maintained by transportation network companies and by taxi, livery vehicle, and limousine drivers or companies. These changes aim to adjust the insurance coverage requirements to better protect individuals using these transportation services. The bill becomes effective on the general effective date and includes technical changes.

Statutes affected:
Introduced Version: 28-4038, 28-4039, 28-4009, 20-1631
House Engrossed Version: 28-4038, 28-4039, 28-4009, 20-1631
Chaptered Version: 28-4038, 28-4039, 28-4009, 20-1631