House Bill No. [insert bill number] amends R.S. 22:1300.9(B) and (C) to establish new insurance requirements for peer-to-peer car sharing programs in Louisiana. The bill removes the previous language that stated the section does not create liability for these programs to maintain certain coverage. It mandates that if a peer-to-peer car sharing program does not provide coverage for physical damage, collision, and comprehensive losses during the car sharing period, it must own and maintain a policy of insurance that covers these damages. This policy must be issued by an insurer approved in the state and will apply when the shared vehicle owner's policy does not cover such losses.

Additionally, the bill allows the required insurance policy to include a deductible of no more than one thousand dollars per occurrence and grants subrogation rights against a tortfeasor. The changes aim to ensure that shared vehicles are adequately protected during the car sharing period, thereby enhancing the overall safety and liability framework for peer-to-peer car sharing programs.

Statutes affected:
HB625 Original: 22:9(B)