Texas Business & Commerce Code

§ 113.0101 — REQUIRED DISCLOSURES AND NOTICE

BC § 113.0101Title 5. REGULATION OF BUSINESSES AND SERVICES · Part C. BUSINESS OPERATIONS · Ch. 113. PEER-TO-PEER CAR SHARING PROGRAMS · Art. C. PEER-TO-PEER CAR SHARING PROGRAM RESPONSIBILITIES

Statute text

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(a)Each agreement entered into in this state must disclose to the owner and the driver:

(1)any right of the peer-to-peer car sharing program to seek indemnification from the owner or driver for economic loss sustained by the program resulting from a breach of the agreement;

(2)that an automobile insurance policy issued to the owner for the shared vehicle or to the driver does not provide a defense or indemnification for any claim asserted by the peer-to-peer car sharing program;

(3)that the peer-to-peer car sharing program's insurance coverage on the owner and the driver is in effect only during each car sharing period;

(4)that, for any use of the shared vehicle by the driver after the termination time, the owner and driver may not have insurance coverage;

(5)the daily rate, fees, and, if applicable, any insurance costs that are charged to the owner or driver;

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Legislative history

Added by Acts 2021, 87th Leg., R.S., Ch. 445 (H.B. 113), Sec. 1, eff. September 1, 2021.