This bill establishes a Peer-to-Peer Car Sharing Program in Minnesota, amending existing statutes under Minnesota Statutes, chapter 65B. It defines key terms related to car sharing, such as "car sharing period" and "shared motor vehicle," and clarifies that these arrangements are distinct from traditional rentals or leases. The bill outlines insurance requirements for both vehicle owners and drivers during the car sharing period, ensuring liability coverage is maintained. It also includes provisions for record-keeping, notifications regarding lien implications, and exemptions from vicarious liability for peer-to-peer car sharing programs. Additionally, it mandates that car sharing agreements disclose specific information about insurance coverage and responsibilities, while also requiring programs to verify that vehicles are free of safety recalls.

Moreover, the bill amends laws concerning the liability of owners of rented motor vehicles, limiting compensation for loss of use to a maximum of 14 days and establishing caps on vicarious liability for damages in accidents, provided the owner has adequate insurance. It introduces a mechanism for adjusting these liability limits for inflation based on the Consumer Price Index, with adjustments occurring every odd-numbered year. The bill also clarifies that the plan of reparation security for rented vehicles is considered excess to any residual liability coverage for the operator. The effective date for these changes is set for January 1, 2026.

Statutes affected:
Introduction: 65B.49, 72A.125, 297A.64