AN ACT RELATING TO INSURANCE -- PEER-TO-PEER CAR SHARING PROGRAM ACT

HB 7267 establishes insurance requirements for peer-to-peer car sharing programs, where individuals rent their personal vehicles through apps. It mandates that during the entire sharing period (from pickup to return), vehicles must have insurance meeting state minimums, and the car sharing platform must cover third-party injuries or property damage unless fraud or failure to return the vehicle occurred. If the owner or driver’s insurance lapses, the platform must provide coverage starting from the first dollar of a claim. This directly affects car sharing platforms, vehicle owners, and drivers using these services.