CT HB05389

Insurance Department and Office of Policy and Management must submit a report by January 1, 2023, evaluating use of captive insurance companies to reduce premium rate increases for Connecticut Partnership for Long-Term Care policyholders and recommending other premium reduction strategies.

Peer-to-peer car sharing companies must assume liability for bodily injury, property damage, and uninsured/underinsured motorist losses during car sharing periods in amounts not less than Connecticut's minimum insurance requirements, with exceptions for intentional misrepresentation or fraud.

Peer-to-peer car sharing companies must ensure shared vehicle owners and drivers carry automobile liability insurance meeting Connecticut's minimum requirements, with coverage available through owner, driver, company, or combination of policies.

Insurance companies may offer policies excluding coverage for shared vehicles used through peer-to-peer platforms, and insurers retain ability to underwrite, cancel, or not renew policies without restriction.

Peer-to-peer car sharing companies and shared vehicle owners are exempt from vicarious liability consistent with federal law (49 USC 30106) and state law based solely on vehicle ownership.