§47-1059. Insurable interest.
136 words·~1 min read·
/ok/title-47-motor-vehicles/47-1059·A 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 shall create liability on a peer-to- peer car sharing program to maintain the coverage mandated by Section 4 of this act.
C. A peer-to-peer car sharing program may own and maintain as the named insured one or more policies of motor vehicle liability insurance that provide coverage for:
1. Liabilities assumed by the peer-to-peer car sharing program under a peer-to-peer car sharing program agreement;
2. Liability of the shared vehicle owner;
3. Damage or loss to the shared motor vehicle; or
4. Liability of the shared vehicle driver. Added by Laws 2021, c. 280, § 10, eff. Nov. 1, 2021.