Insurance: automobile; coverage; allow insurers to exclude peer-to-peer car sharing. Amends secs. 1202, 3009, 3037, 3101 & 3113 of 1956 PA 218 (MCL 500.1202 et seq.) & adds secs. 130 & 3018.

This law allows insurance companies in Michigan to choose not to cover vehicles used in peer-to-peer car sharing services, such as those offered by apps like Turo. The bill clarifies that these sharing platforms can purchase their own insurance policies to cover the vehicles and the people driving them, but it does not require individual car owners to buy insurance through these platforms. By permitting insurers to exclude these specific shared vehicles from their standard policies, the legislation gives insurance companies more control over which risks they accept. This change directly affects insurance providers who may update their contracts to stop covering cars rented out through peer-to-peer sharing apps.