(1) A program shall collect and verify records pertaining to the use of a vehicle, including sharing periods, sharing period pick-up and drop-off locations, fees paid by each driver, and revenue received by each owner.

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Terms Used In Nebraska Statutes 60-3407

  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.

(2) A program shall provide the information collected pursuant to subsection (1) of this section upon request to the owner, the owner’s insurer, and the driver’s insurer to facilitate a claim coverage investigation, settlement, negotiation, or litigation.

(3) A program shall retain the records required in this section for a period of not less than four years.

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