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Bill > S2979


NJ S2979

"Peer-to-Peer Car Sharing Act."


summary

Introduced
09/22/2022
In Committee
09/22/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill establishes the "Peer-to-Peer Car Sharing Act." Under the bill, a peer-to-peer car sharing program will assume the liability for bodily injury or property damage to third parties or uninsured and underinsured motorist or personal injury protection losses during the private vehicle sharing period in an amount that is no less than the minimum coverage amount for private passenger vehicles. The bill will also require a peer-to-peer car sharing program to assume primary liability if there is a dispute as to who was in control of the shared vehicle at the time of the loss. The bill additionally provides for exclusions in motor vehicle liability insurance policies that will exclude any and all coverage and the duty to defend or indemnify for any claim afforded under a shared vehicle owner's motor vehicle insurance policy. The bill further provides recordkeeping requirements for peer-to-peer car sharing programs pertaining to the use of a vehicle and contains consumer protection disclosure requirements for peer-to-peer car sharing programs such as daily rates, fees, and if applicable, any insurance or protection package costs that are charged to the shared vehicle owner or the shared vehicle driver. The bill also provides that a peer-to peer car sharing program notify the shared vehicle owner if the shared vehicle has a lien against it, among other provisions.

AI Summary

This bill establishes the "Peer-to-Peer Car Sharing Act." The bill requires peer-to-peer car sharing programs to assume liability for bodily injury, property damage, uninsured/underinsured motorist, and personal injury protection losses during the car sharing period, with some exceptions. The bill also requires peer-to-peer car sharing programs to ensure that shared vehicles are covered by minimum motor vehicle liability insurance during the car sharing period. The bill allows insurers to exclude certain coverages from the shared vehicle owner's policy and provides other provisions related to recordkeeping, consumer disclosures, safety recalls, and the commissioner's rulemaking authority.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Senate Commerce Hearing (13:00 11/3/2022 Committee Room 4, First Floor, State House Annex, Trenton, New J) (on 11/03/2022)

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