Oklahoma House Bill HB2263

Oklahoma 2022 Regular Session

• Introduced: 2/1/21
• Refer: 2/2/21
• Refer: 2/22/21
• Report Pass: 2/25/21
• Engrossed: 3/11/21
• Refer: 3/17/21

Caption

Motor vehicles; creating the Peer-to-Peer Car Sharing Program Act; defining terms; effective date.

Impact

If enacted, HB 2263 would have a notable effect on the operation and insurance requirements for peer-to-peer car sharing services in Oklahoma. By ensuring that proper liability coverage is in place, the bill aims to protect all parties involved in the car sharing process, including shared vehicle owners, drivers, and third-party individuals. The law requires that during the car sharing period, an insurance policy must not only be present but also explicitly cover the unique circumstances of shared vehicles, thus creating a clearer landscape for liability and insurance purposes.

Summary

House Bill 2263, known as the Peer-to-Peer Car Sharing Program Act, establishes legal and regulatory frameworks for peer-to-peer car sharing in Oklahoma. The bill mandates that both the car sharing program and the vehicle owner must maintain insurance coverage for bodily injury and property damage that occur during the car sharing period. The act also defines key terms like 'shared vehicle' and delineates the responsibilities between vehicle owners, drivers, and car sharing platforms, including record-keeping and verification of insurance and safety recalls.

Sentiment

General sentiment surrounding the bill appears to be supportive, as it addresses the growing trend of peer-to-peer car sharing, which has gained popularity among consumers seeking flexible transportation options. Legislators and advocacy groups support the bill for providing transparency and safety in these car-sharing transactions. However, there are concerns regarding the potential economic implications for traditional car rental companies and the insurance industry, as peer-to-peer models may disrupt existing business frameworks.

Contention

Notable points of contention include the potential liability exposures for shared vehicle owners and the implications tied to consumers' insurance policies. The bill allows peer-to-peer programs to seek indemnification from vehicle owners for breaches of agreed terms, which raises concerns about the responsibility placed on private vehicle owners. Additionally, there are fears that the act may inadvertently create loopholes or complications for car sharing participants, particularly concerning liability in the event of accidents or disputes about coverage and damages.