Establishes a peer-to-peer car sharing program with insurance coverage and operational guidelines.

The bill creates a peer-to-peer car sharing program, outlining insurance coverage and operational details. It mandates that programs assume liability for shared vehicles during use, ensuring coverage for bodily injury, property damage, and other specified risks. Programs must notify owners of lien implications and safety recalls. Drivers must hold valid licenses, and programs must verify records of vehicle use. The act exempts programs from certain vicarious liabilities and rental surcharges. It takes effect on January 1, 2027.

Establishes a peer-to-peer car sharing program with insurance coverage and operational guidelines.

The bill creates a peer-to-peer car sharing program, outlining insurance coverage and operational details. It mandates that programs assume liability for shared vehicles during use, ensuring coverage for bodily injury, property damage, and other specified risks. Programs must notify owners of lien implications and safety recalls. Drivers must hold valid licenses, and programs must verify records of vehicle use. The act exempts programs from certain vicarious liabilities and rental surcharges. It takes effect on January 1, 2027.