Insurance: personal vehicle sharing.

Minimum insurance coverage requirements were raised from those in Section 11580.241 ($45,000/$90,000/$15,000 currently, tripling after 2031) to fixed minimums of $250,000 for bodily injury or death per person, $500,000 for all persons, and $100,000 for property damage.

The exemption that made the program's liability provisions inapplicable when a vehicle owner made an intentional or fraudulent material misrepresentation or omission to the sharing program before the loss occurred was deleted entirely. Vehicle owners can no longer be shielded from program liability on this basis.

The exemption for vehicle owners who act in concert with a driver who fails to return the vehicle was restructured from a standalone paragraph (d)(2) into a sentence embedded within subdivision (d)(1), but the substantive effect remains the same.

Minimum liability coverage that personal vehicle sharing programs must assume for vehicle owners increased from $15,000/$30,000/$5,000 (bodily injury one person / all persons / property damage) to $250,000/$500,000/$100,000. This is a roughly 16-fold increase in the bodily injury floor and a 20-fold increase in the property damage floor.

New exemption: the program's duty to assume the owner's liability does not apply if the vehicle owner acts in concert with a shared vehicle driver who fails to return the vehicle pursuant to the terms of the sharing agreement. This was previously only listed as one of two sub-exemptions but is now also stated independently in subdivision (d)(1).

Statutory cross-reference updated from Section 17151 of the Vehicle Code to Section 11580.241, likely reflecting a renumbering or correction of the referenced insurance code section.

The bill summary no longer describes the existing law's private owner liability limits ($15,000/$30,000/$5,000), consistent with those amounts no longer serving as the floor for sharing program liability.

The personal vehicle sharing program's liability assumption was narrowed from assuming 'all liability of the owner' to assuming only 'liability of the owner for bodily injury or property damage to injured third parties resulting from personal vehicle sharing.'

A new exception (subdivision d(2)) makes the program's liability assumption inapplicable if the vehicle owner (A) makes an intentional or fraudulent material misrepresentation or omission to the program before the car sharing period in which the loss occurred, or (B) acts in concert with a shared vehicle driver who fails to return the vehicle per the agreement terms.

The digest now references existing law requiring personal vehicle sharing programs to provide minimum insurance of $45,000/$90,000/$15,000 and, on and after January 1, 2031, liability coverage at least 3 times the minimum requirements for private passenger vehicles.

Assembly Member Wallis was added as a coauthor of the bill.