Bill > A4685

Introduced Session

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.

Committee Categories

Rosaura Bagolie (D)*, 

Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 09/12/2024)

Official Document