Bill > S0307

This bill establishes a comprehensive legal framework for peer-to-peer car sharing in South Carolina, defining key terms and setting clear guidelines for how these services can operate. The legislation creates detailed rules around insurance coverage, liability, and responsibilities for both vehicle owners and drivers participating in car sharing programs. Specifically, the bill mandates that peer-to-peer car sharing platforms must assume liability for third-party damages during the car sharing period, ensure appropriate insurance coverage for both vehicle owners and drivers, and maintain detailed records of transactions. The bill also requires car sharing agreements to disclose important information to participants, such as potential insurance limitations, fees, and indemnification rights. Additionally, the legislation addresses safety concerns by requiring verification that shared vehicles do not have outstanding safety recalls and establishing driver qualification standards, such as having a valid driver's license. The law aims to provide a clear regulatory structure that protects all parties involved in peer-to-peer car sharing while facilitating the growth of this emerging transportation service model. The bill will take effect upon the Governor's approval, with the Department of Insurance responsible for developing any necessary implementing regulations.

Business and Industry, Transportation and Infrastructure

https://www.scstatehouse.gov/billsearch.php?billnumbers=0307&session=126&summary=B