California Insurance Code

§ 11580.24

INS § 11580.24 Effective Jan 1, 2025Div. 2 · Part 3 · Ch. 1 · Art. 2

Statute text

(a)A private passenger motor vehicle insured by its owner pursuant to a policy of insurance subject to Section 11580.1 or 11580.2 shall not be classified as a commercial vehicle, for-hire vehicle, permissive use vehicle, or livery solely because its owner allows it to be used for personal vehicle sharing as long as all of the following circumstances apply:

(1)The personal vehicle sharing is conducted pursuant to a personal vehicle sharing program.

(2)The annual revenue received by the vehicle’s owner that was generated by the personal vehicle sharing of the vehicle does not exceed the annual expenses of owning and operating the vehicle, including depreciation, interest, lease payments, auto loan payments, insurance, maintenance, parking, fuel, cleaning, automobile repair, and costs associated with personal vehicle sharing, including, but not limited to, the installation, operation, and maintenance of computer hardware and software, signage identifying the vehicle as a personal sharing vehicle, and any fees charged by a personal vehicle sharing program.

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Legislative history

Amended by Stats. 2024, Ch. 244, Sec. 1. (AB 2743) Effective January 1, 2025.