§ 8609. Insurable interest.
127 words·~1 min read·
/de/title-21/chapter-86-peer-to-peer-car-sharing-program-act/8609A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Notwithstanding any other law, statute, rule, or regulation to the contrary, a peer-to-peer car sharing program shall have an insurable interest in a shared vehicle during the car sharing period.
(b)Nothing in this section creates liability on a peer-to-peer car sharing program to maintain the coverage mandated by § 8603 of this title.
(c)A peer-to-peer car sharing program may own and maintain as the named insured 1 or more policies of motor vehicle liability insurance that provides coverage for any of the following:
(1)Liabilities assumed by the peer-to-peer car sharing program under a peer-to-peer car sharing program agreement.
(2)Any liability of the shared vehicle owner.
(3)Damage or loss to the shared motor vehicle.
(4)Any liability of the shared vehicle driver.