AB.TNC

Question 1

what is the purpose of Alberta’s SPF9?

Answer 1

SPF9 provides auto insurance for Transportation Network Companies and their authorized TNC drivers

Question 2

what insurance must a driver have who provides ride sharing services?

Answer 2

• personal insurance for normal personal use
• insurance through their TNC for periods when they are providing ride sharing services

Question 3

describe “4 use periods” related to SPF9

Answer 3

0) personal use: driver is not logged into the TNC app, driver’ s own insurer is liable for accident
1) driver is logged into the TNC app, but has not accepted a ride. If driver’s own insurer denies claim, then TNC insurer is liable
2) driver has accepted a ride and is en route (TNC insurer is liable)
3) passengers are in vehicle (TNC insurer is liable)

Question 4

identify coverage triggers that begin and end accident benefit coverages under SPF9

Answer 4

• begin: driver logs in the TNC app
• end: driver logs out or last passenger exits vehicle

Question 5

pieces of information that TNC must make available to the public and consumers

Answer 5

• license: a proper municipal license
• policy: valid auto insurance policy on website or driver’s smart phone
• IIF (Insurance Information Form) via driver’s smart phone

Question 5

F2018Q4

Question 6

what is the purpose of IIF?

Answer 6

provide basic information to ride sharing passengers about the driver and their insurance coverage

Question 7

basic layout of IIF

Answer 7

• name of insured/insurer
• policy #
• policy effective and expiration date
• vehicle description

Question 8

identify situations where SPF9 purchased by a TNC would not provide coverage when the driver is logged in

Answer 8

• carrying street hailed passengers
• transporting cargo

Question 9

items of post accident information whose exchange must be facilitated between TNC, insurance providers and brokers

Answer 9

• acc info: dates, times. circumstances
• electronic info: precise times when driver was logged in and out of the TNC app

Question 10

examples of technology that are disrupting the insurance and transportation marketplace

Answer 10

• UBI
• ride sharing

Question 11

similarity between UBI and ride sharing

Answer 11

• both require new technology to function
• UBI requires a device installed in your car to capture driving data
• ride sharing technology requires a smart phone app to connect providers and customers

Question 12

differences between UBI and ride sharing

Answer 12

• UBI is a way for insurance customers to lower their rates based on good driving habits
• ride sharing technology requires new type of insurance policy to cover the use of personal vehicles to carry paying customers

Question 13

issues and dangers associated with UBI

Answer 13

UBI collects personal data, so data privacy and transparency regarding the use of UBI must be addressed

Question 14

issues and dangers associated with ride sharing technology

Answer 14

• ride sharing must ensure that drivers have proper coverage to protect drivers and consumers
• competitive impact to traditional taxi drivers and taxi companies could be devastating