§7405. Insurance for peer-to-peer car sharing programs

1.  Authorization for liability and property and casualty insurance.  An insurer may issue or issue for delivery in this State any policy of liability and property and casualty insurance to a provider to insure the provider and any shared vehicle driver or authorized operator or occupant of a shared vehicle and any employee, agent or officer of the program as long as the policy meets the requirements of this section.

[PL 2019, c. 367, §1 (NEW).]

2.  Coordination of insurance.  A program policy written in accordance with this section is primary with respect to any other insurance available to the shared vehicle owner but is secondary with respect to any other insurance available to the shared vehicle driver or authorized operator or occupant of the shared vehicle. The policy must comply with the requirements of section 7403, subsection 4.

[PL 2019, c. 367, §1 (NEW).]

3.  Filing of rates and forms.  For the purposes of any insurance policy written in accordance with this section, the insurer shall file rates and forms with the superintendent for approval.

[PL 2019, c. 367, §1 (NEW).]

4.  Identification of insured under the policy.  An insurer that issues a policy in accordance with this section shall issue the policy in a manner that identifies the provider as the named insured. The policy must include a provision that provides coverage without prior notice to the insurer for all shared vehicles during the car sharing period and that provides coverage for any shared vehicle driver or authorized operator or occupant of a shared vehicle as an insured under the policy to the same extent that coverage would be provided under a motor vehicle policy issued in accordance with Title 29‑A, section 1605.

[PL 2019, c. 367, §1 (NEW).]

SECTION HISTORY

PL 2019, c. 367, §1 (NEW).