Mississippi will begin regulating Uber, Lyft and other ride-hailing services on a statewide basis beginning July 1.
On Monday, Gov. Phil Bryant (R) signed House Bill 1381, which puts the state's Insurance Department in charge of regulating so-called transportation network companies. Regulation of taxi services had traditionally been left to cities in Mississippi.
The law requires each transportation network company to pay a $5,000 yearly license fee and requires the driver or the company to have insurance covering the transportation of passengers. While carrying passengers, the driver would have to be insured for up to $1 million.
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Trudy Knockless
Trudy Knockless is a reporter on ALM Media's Business of Law desk. She has a background serving legal and insurance publications. Contact her at [email protected] or on LinkedIn at Trudy Knockless.
