A. A peer-to-peer car sharing program shall assume liability, except as provided in subsection B of this section, of a shared vehicle owner for bodily injury or property damage to third parties or uninsured and underinsured motorist or personal injury protection losses during the car sharing period, in an amount stated in the peer-to-peer car sharing program agreement, which shall not be less than those set forth in Section 7-600 et seq. of Title 47 of the Oklahoma Statutes. B. Notwithstanding the definition of "car sharing termination time" as set forth in Section 2 of this act, the assumption of liability under subsection A of this section shall not apply to any shared vehicle owner when a shared vehicle owner: 1. Makes an intentional or fraudulent material misrepresentation or omission to the peer-to-peer car sharing program before the car sharing period in which the loss occurred; or 2. Acts in concert with a shared vehicle driver who fails to return the shared vehicle pursuant to the terms of the car sharing program agreement. C. Notwithstanding the definition of "car sharing termination time" as set forth in Section 2 of this act, the assumption of liability under subsection A of this section shall apply to bodily injury, property damage, uninsured and underinsured motorist or personal injury protection losses by damaged third parties required by Section 7-600 et seq. of Title 47 of the Oklahoma Statutes.
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