SC S0307

Creates a new regulatory framework for peer-to-peer car sharing programs, defined as business platforms connecting vehicle owners with drivers for vehicle sharing in exchange for payment

Requires peer-to-peer car sharing programs to assume liability for death, bodily injury, property damage, and uninsured motorist losses during the car sharing period, with minimum coverage amounts matching state requirements under Sections 38-77-140 and 38-77-150

Mandates that insurance coverage during the car sharing period be maintained by the shared vehicle owner, shared vehicle driver, the peer-to-peer program, or any combination thereof, with such coverage being primary during the sharing period

Allows automobile insurers to exclude coverage for vehicles used in peer-to-peer car sharing programs, including liability, uninsured/underinsured motorist, medical payments, and physical damage coverage

Requires programs to verify drivers hold valid licenses, check vehicles for unrepaired safety recalls before listing, maintain records of transactions for the duration of the personal injury statute of limitations, and disclose insurance terms to both owners and drivers