This bill amends the Peer-to-Peer Car Sharing Program Act by updating the liability and insurance requirements for shared vehicle owners and drivers during the car sharing period. It stipulates that a peer-to-peer car sharing program must assume liability for bodily injury and property damage to third parties, with minimum coverage amounts that align with existing insurance code requirements. The bill also clarifies that this liability assumption does not apply if the shared vehicle owner makes intentional misrepresentations or collaborates with the driver to violate the terms of the car sharing agreement.

Additionally, the bill outlines specific insurance coverage requirements for both shared vehicle owners and drivers, ensuring that they are adequately insured during the car sharing period. It specifies that the insurance must be primary and cover any claims that arise, even in states with higher minimum coverage requirements. The bill also includes provisions that prevent the peer-to-peer car sharing program from limiting its liability for its own actions and allows it to seek indemnification from vehicle owners or drivers for breaches of the car sharing agreement. The enactment of this bill is contingent upon the passage of three related bills in the 103rd Legislature.

Statutes affected:
House Introduced Bill: 257.2241