HB 5950 Summary

• Adds Section 130 establishing that peer-to-peer car sharing programs have an insurable interest in shared vehicles during car sharing periods and may own insurance policies covering liabilities, damages, and losses related to shared vehicles.

• Adds Section 3018 allowing insurers to exclude all coverage (liability, personal protection, property protection, collision, comprehensive, and uninsured motorist) for shared vehicles during car sharing periods, with no duty to defend excluded claims.

• Amends Section 1202 to exempt persons selling travel or auto-related insurance incidental to car sharing program agreements from requiring an insurance producer license.

• Permits insurers to seek recovery from peer-to-peer car sharing program insurers if they defend or indemnify claims arising from shared vehicles that are excluded under the policy terms.

• Takes effect October 17, 2025, contingent upon enactment of House Bill 5949.