Bill > A1742

This bill, known as the "Peer-to-Peer Car Sharing Act," establishes a regulatory framework for peer-to-peer car sharing programs in New Jersey. Key provisions include: 1. Defining key terms such as "car sharing program agreement," "car sharing period," "peer-to-peer car sharing," and "shared vehicle." 2. Requiring peer-to-peer car sharing programs to assume liability for bodily injury or property damage to third parties during the car sharing period, with some exceptions. 3. Mandating that shared vehicles be insured during the car sharing period, with the insurance being primary. 4. Allowing insurers to exclude coverage for claims related to shared vehicles under certain circumstances. 5. Requiring peer-to-peer car sharing programs to maintain records and provide information to shared vehicle owners, insurers, and drivers to facilitate claims investigations. 6. Exempting peer-to-peer car sharing programs and shared vehicle owners from vicarious liability consistent with federal law. 7. Establishing requirements for shared vehicle drivers, including licensing and record-keeping by the peer-to-peer car sharing program. 8. Addressing safety recall requirements for shared vehicles. The bill aims to provide a regulatory framework for the emerging peer-to-peer car sharing industry in New Jersey.

Budget and Finance, Business and Industry, Transportation and Infrastructure

https://www.njleg.state.nj.us/bill-search/2022/A1742