S.F. No. 4509 - Peer-to-Peer Car Sharing Program Act

• Establishes regulatory framework for peer-to-peer car sharing programs governing the intersection of car sharing services and motor vehicle liability insurance in Minnesota.

• Requires peer-to-peer car sharing programs to assume liability and maintain minimum insurance coverage as specified in section 65B.49, subdivision 3, for bodily injury, property damage, uninsured/underinsured motorist claims, and personal injury protection losses during the car sharing period.

• Allows insurers to exclude coverage for vehicles made available through peer-to-peer car sharing programs, but prohibits exclusions from limiting peer-to-peer car sharing program liability for claims when disputes exist about vehicle control and necessary records are unavailable.

• Mandates peer-to-peer car sharing programs to collect and retain vehicle usage records, verify driver's licenses, notify vehicle owners about lien implications, verify safety recalls before vehicle availability, and provide consumers with specific disclosures about insurance coverage, rates, and emergency contacts.

• Effective January 1, 2022.