HB 625 — INSURANCE: Requires peer-to-peer car sharing programs to maintain physical damage coverage for shared vehicles during the car sharing period

HLS 26RS-788 ORIGINALENGROSSED Regular Session HOUSE BILL NO.

Requires peer-to-peer car sharing programs to maintain physical damage coverage for shared vehicles during the car sharing period AN ACT To amendenact and reenact R.S.

22:1300.9(B)22:1300.9(D), and (C), relative to peer-to-peer car sharing programs;

to authorize the maintenancemaintenanceof ofcertaininsurance certain insurance policies;

22:1300.9(B)22:1300.9(D) andis (C)hereby areenacted herebyamended and reenacted to read as follows:

Insurable interest * * * B.D.(1) Ifapeer-to-peercarsharingprogramdoesnotprovideanon-insurance contractualphysicaldamageprotectionpackage,consistentwithR.S.22:1300.10(4), to the shared vehicle during the car sharing period, the program shall own and maintain as the named insured a policy of insurance written byan insurer admitted orapprovedin thisstate,coveringphysicaldamageforcollision andcomprehensive losses to the shared vehicle during the car sharing period.

Nothing(2) inThe thispolicy Sectionof createsinsurance liabilityrequired onby athis peer-to-peerSubsection carapplies sharingwhen programthe topolicy maintainof insurance maintained by the shared vehicle owner excludes or otherwise does not provide coverage mandatedfor byphysical R.S.damage for collision and comprehensive losses to the shared vehicle during the car sharing period.

22:1300.3.Page 1 of 2 CODING:

C.

A peer-to-peercar sharing program mayown and maintain as the named insured one or more policies of motor vehicle liability insurance that provides coverage for any of the following:

(1) Liabilitiesassumedbythepeer-to-peercarsharingprogramunderapeer- to-peer car sharing program agreement.

(2) Any liability of the shared vehicle owner.

(3) Damage or loss to the shared motor vehicle.

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HLS 26RS-788 ORIGINALENGROSSED HB NO.

625 (4)(3) AnyThe liabilitypolicy of theinsurance sharedrequired vehicleby driver.this Subsection may include a deductible in an amount no greater than one thousand dollars per occurrence.

C.(1)(4) IfThe apolicy peer-to-peerof carinsurance sharingrequired programby doesthis notSubsection providemay coverageinclude forsubrogation physicalrights damage,against collision, and comprehensive losses to the shared vehicle during the car sharing period, the program shall own and maintain as the named insured a policyofinsurancewrittenbyaninsureradmittedorapprovedinthisstate,coveringtortfeasor. physicaldamageforcollisionandcomprehensivelossestothesharedvehicleduring the car sharing period.

(2) Thepolicyofinsurancerequiredbythis Subsectionshallapplywhenthe policy of insurance maintained by the shared vehicle owner excludes or otherwise does not provide coverage for physical damage for collision and comprehensive losses to the shared vehicle during the car sharing period.

(3) The policy of insurance required by this Subsection may include a deductible in an amount no greater than one thousand dollars per occurrence.

(4) ThepolicyofinsurancerequiredbythisSubpartmayincludesubrogation rights against a tortfeasor.

ItconstitutesIt constitutes nopart of the legislative instrument.

1:13(B) and 24:177(E)] HB 625 OriginalEngrossed 2026 Regular Session Jordan Abstract:

Present law provides that a peer-to-peer car sharing program has an insurable interest in a shared vehicle during the car sharing period, specifies that nothing in thepresent Sectionlaw creates liability for the program to maintain certain coverage, and authorizes the program to own and maintain motor vehicle liability insurance policies covering specified liabilities and losses.

ProposedlawrevisespresentlawProposed toremovelanguagestatingthattheSectiondoesnotcreatelaw retains present law by restoring the provision specifying that nothing in the Section creates liability for a peer-to-peer car sharingprogramsharing program to maintain requiredcoverage coverage.mandated elsewhere in law.

Proposedlawrequiresapeer-to-peercarsharingprogramtoownandmaintainasthenamedProposedlawrequiresapeer-to-peercarsharingprogramtoownandmaintain,asthenamed insuredinsured, a policy of insurance written by an insurer admitted or approved in this state thatto providescoverageforphysicaldamageforcollisionprovide andcomprehensivelossesphysical damage coverage for collision and comprehensive losses to thesharedthe shared vehicle during the car sharing period.period, but onlywhen a contractual protection package is not in effect.

Proposed law further provides that the required physical damage policy applies only when thesharedvehicleownerspolicyexcludesorotherwisefailstoprovidesuchcoverageduring the sharedcar vehiclesharing owner’speriod and authorizes the policy excludesto orinclude doesa notdeductible provideof suchup coverage,to and$1000 authorizesper theoccurrence requiredand Pageto 2include ofsubrogation 3rights CODING:against a tortfeasor.

Wordsinstruckthroughtypearedeletionsfromexistinglaw;wordsunderscored(Adds areR.S. additions.

HLS22:1300.9(D)) 26RS-788Summary ORIGINALof HBAmendments NO.Adopted by House The Committee Amendments Proposed by House Committee on Insurance to the original bill:

6251. policy to include a deductible not exceeding one thousand dollars per occurrence and to include subrogation rights against a tortfeasor.

(AmendsRestore R.S.the provisions of present law.

22:1300.9(B)2. and (C)) Page 3 of 3 CODING:

Requireanexplicitinsuranceobligationonpeer-to-peercarsharingprogramsin circumstances where no contractual protection package is provided.

3.

Require peer-to-peer car sharing programs to maintain a physical damage insurance policy issued by an insurer admitted or approved in this state.

4.

Make technical changes.

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