“Personal vehicle sharing” means the use of a private passenger motor vehicle by persons other than the vehicle’s registered owner in connection with a personal vehicle sharing program.
“Personal vehicle sharing program” means a legal entity qualified to do business in this state engaged in the business of facilitating the sharing of private passenger motor vehicles for noncommercial use by individuals within this state.
“Private passenger motor vehicle” means a four-wheel passenger or station wagon type motor vehicle insured under a motor vehicle liability insurance policy covering a single individual or individuals residing in the same household as the named insured.
“Program insurance policy” means a motor vehicle liability insurance policy that is obtained by the personal vehicle sharing program and that:
Includes all coverage needed to comply with the financial or future responsibility requirements of ORS chapter 806;