AN ACT relating to peer-to-peer car sharing.

Create new sections of KRS Chapter 365 to establish definitions relating to peer-to-peer car sharing; establish insurance, disclosure, recordkeeping, verification, and equipment liability requirements for peer-to-peer car sharing programs; establish requirements for shared vehicle owners that receive an actual notice of safety recall on a shared vehicle; establish an exemption for peer-to-peer car sharing programs and shared vehicle owners from vicarious liability; create a new section of Subtitle 39 of KRS Chapter 304 to establish certain rights of insurers relating to accidents involving shared vehicles; establish certain requirements for insurers that issue policies covering shared vehicles; create a new section of Subtitle 14 of KRS Chapter 304 to provide peer-to-peer car sharing programs with an insurable interest in shared vehicles during the car sharing period; amend KRS 138.462 and 186.630 to conform; EFFECTIVE January 1, 2023.