Limitation on insurance policy reclassification for personal vehicle sharing program vehicle.

Checkout our iOS App for a better way to browser and research.


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

(2) The annual revenue received by the vehicle’s registered owner that was generated by the personal vehicle sharing does not exceed the annual expenses of owning and operating the vehicle, including depreciation, interest, lease payments, motor vehicle 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 vehicle sharing vehicle and any fees charged by a personal vehicle sharing program. [2011 c.457 §5]

Note: See note under 742.585.


Download our app to see the most-to-date content.