Editor's note: Steven A. Meyerowitz, Esq., is a director of FC&S Legal. FC&S and PC360 are both owned by Summit Professional Networks.
Colorado Governor John Hickenlooper is expected to sign legislation regulating ridesharing services such as uberX and Lyft.
Once the governor signs the bill – which includes insurance requirements – Colorado will become the first state to enact legislation governing these new businesses, referenced in the bill as "Transportation Network Companies."
Under the bill, insurance must be available once a driver is logged in, whether or not the driver already has a passenger in his or her vehicle and whether or not the driver is in the process of picking up a passenger.
Related:
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