Skip to content
Informational New York State Department of Financial Services NY Jun 22, 2026

Final Adoption for 11 NYCRR 60-2 and 60-4 on Peer-to-Peer Car Sharing and SUM Coverage

On June 17, 2026, NYDFS listed final adoption of amendments to 11 NYCRR 60-2 and 60-4 concerning supplementary uninsured and underinsured motorists insurance and peer-to-peer car sharing programs. The rulemaking covers minimum provisions for group policies and related requirements.

On June 17, 2026, NYDFS listed final adoption of amendments to 11 NYCRR 60-2 and 60-4 concerning supplementary uninsured and underinsured motorists insurance and peer-to-peer car sharing programs. The rulemaking covers minimum provisions for group policies and related requirements.

What changed

DFS finalized the 12th amendment to Insurance Regulation 35-D and the 1st amendment to Insurance Regulation 35-F. The amendments update insurance requirements tied to peer-to-peer car sharing and related SUM coverage provisions.

Compliance perspective

Insurance program administrators and carriers involved in peer-to-peer car sharing should review policy forms, underwriting rules, and disclosure language. This item is less relevant for core licensing operations unless the business touches New York insurance filings.

Need help keeping up with these changes?

Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.

Keep reading

More regulatory updates

Other recent rule changes our team is tracking.

  • Action New York DFS NY Aug 1, 2026

    New York DFS circular letter on motor vehicle insurance reforms

    DFS issued a circular letter on July 1, 2026 directing insurers to reflect motor vehicle insurance statutory changes in pending rate filings. The letter set a clear filing deadline of August 31, 2026.

  • Action New York Department of Financial Services NY Jul 29, 2026

    Auto insurance fraud training tied to FY 2027 reform rollout

    On July 22, 2026, DFS announced specialized training for nearly 270 law-enforcement officials from 55 agencies on combating auto insurance fraud. DFS described the effort as part of implementing FY 2027 budget reforms and connected it to July 1, 2026 insurer guidance on reflecting anticipated savings in rate filings.

  • Action New York Department of Financial Services NY Jul 29, 2026

    Workers' compensation insurance rate reduction approved

    On July 15, 2026, New York DFS approved an average 22 percent reduction in workers' compensation insurance premium rates. DFS said the change would take effect October 1, 2026 and is expected to save businesses more than $1 billion.