This bill establishes a Peer-to-Peer Car Sharing Program in Minnesota, introducing new legal definitions and requirements for insurance coverage during the car sharing period. It defines terms such as "car sharing period," "shared motor vehicle," and "peer-to-peer car sharing program," while outlining the responsibilities of both the car sharing program and vehicle owners regarding insurance. The bill mandates that during the car sharing period, the peer-to-peer car sharing program assumes liability for bodily injury and property damage, ensuring coverage under a motor vehicle liability insurance policy that meets minimum requirements. Additionally, it includes provisions for record-keeping, notifications regarding lien implications, and exemptions from vicarious liability for both the car sharing program and vehicle owners.

Moreover, the bill amends existing laws concerning the liability of owners of rented motor vehicles, limiting compensation for the loss of use of a damaged rented vehicle to a maximum of 14 days. It specifies that an owner is not vicariously liable for damages exceeding certain thresholds, provided they maintain an adequate insurance policy. The bill also introduces a mechanism for adjusting these specified dollar amounts for inflation based on the Consumer Price Index, ensuring that adjustments occur every odd-numbered year. Overall, the new regulations aim to enhance consumer protections and clarify the legal status of peer-to-peer car sharing in Minnesota, with the changes set to take effect on January 1, 2026.

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