Vehicles: financial responsibility.

Plain English Breakdown

The bill does not provide specific details on the intended changes or how they will be implemented.

Vehicles: Financial Responsibility

AB-74 expresses lawmakers' intention to change the insurance requirements for personal car-sharing programs.

What This Bill Does

• Expresses the intent of the Legislature to make changes to financial responsibility limits for personal vehicle sharing programs.

Who It Names or Affects

• People who use or run personal vehicle sharing programs

Terms To Know

Financial Responsibility

Having enough money to pay for damages if you cause an accident.

Personal Vehicle Sharing Program

A service where people can rent out their personal cars to others.

Limits and Unknowns

• The bill only states the intention of lawmakers and does not actually change any laws.
• It is unclear what specific changes will be made to financial responsibility limits for car-sharing programs.

Official Summary Text

AB 74, as introduced, Pacheco.
Vehicles: financial responsibility.
Existing law requires all drivers and all owners of a motor vehicle to at all times be able to establish financial responsibility and to carry at all times in the vehicle evidence of the form of financial responsibility. Existing law requires a personal vehicle sharing program, among other things, during all times that the vehicle is engaged in personal vehicle sharing, to provide insurance coverage, as specified.
This bill would state the intent of the Legislature to enact legislation to make changes to a personal vehicle sharing program’s financial responsibility limits.

Current Bill Text

Download Bill PDF