HB450 - Peer-to-Peer Car Sharing Program Act

• Requires peer-to-peer car sharing programs to assume liability for bodily injury, property damage, and uninsured/underinsured motorist losses during car sharing periods in amounts at least equal to state minimum financial responsibility requirements.

• Mandates that car sharing programs ensure participants maintain motor vehicle liability insurance coverage during each car sharing period, which may be provided by the vehicle owner, driver, or program itself.

• Requires car sharing programs to collect and retain records for at least the applicable statute of limitations period, including vehicle usage, fees, revenues, and pickup/dropoff locations, and provide these records upon request to insurers and parties involved in claims.

• Prohibits shared vehicle owners from making vehicles available through car sharing programs if they have received actual notice of unrepaired safety recalls; requires owners to change vehicle status to unavailable as soon as practicable if a recall notice is received while the vehicle is listed.

• Establishes disclosure requirements in car sharing agreements covering insurance coverage details, daily rates and fees, emergency roadside assistance numbers, and conditions requiring drivers to maintain personal automobile insurance policies.

• Effective date: January 1, 2022.