1. (a) A P2P vehicle sharing program and a shared vehicle owner are exempt from vicarious liability:

   1. (1) as if the P2P vehicle sharing program were a vehicle rental or leasing business, in accordance with 49 U.S.C. 30106; and
   2. (2) under any state or local law that imposes liability based solely on vehicle ownership.
2. (b) In an insurance claim investigation concerning a vehicle accident, a P2P vehicle sharing program shall cooperate in exchanging information between directly involved parties to the accident and the insurer of a shared vehicle owner concerning the shared vehicle's use in the P2P vehicle sharing program. This subsection does not make the P2P vehicle sharing program subject to civil or criminal liability.
3. (c) Records described in this section must be retained for a period of two (2) years.

As added by P.L.253-2019, SEC.3.