HB 1048 Summary

• Creates the Peer-to-Peer Car Sharing Program Act to authorize vehicle owners and drivers to share vehicles through digital platforms for financial consideration, distinct from traditional rental car companies.

• Requires peer-to-peer car sharing programs to assume liability for bodily injury, property damage, and uninsured/underinsured motorist losses during the car sharing period in amounts at least equal to Mississippi's minimum liability coverage limits, with exceptions for intentional misrepresentation or fraud by vehicle owners.

• Allows authorized motor vehicle liability insurers to exclude coverage for shared vehicles in owners' policies while enabling insurers to seek indemnification against the car sharing program's insurance for excluded claims.

• Requires car sharing programs to collect and retain records of vehicle use for at least three years, verify driver's licenses, notify owners of safety recalls, and provide consumer protection disclosures including insurance coverage limitations and emergency contact information.

• Exempts peer-to-peer car sharing programs and vehicle owners from vicarious liability and motor vehicle rental business classifications, with the act effective 270 days after the Governor's signature.