13-48a-303. Certain abilities of insurance companies preserved.
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Effective 7/1/2023
13-48a-303. Certain abilities of insurance companies preserved.
(a)A motor vehicle liability insurance policy may exclude coverage and a duty to defend or indemnify with respect to a claim arising during a motor vehicle's use as a shared vehicle, based on the motor vehicle's use as a shared vehicle.
(b)Coverage that may be excluded as provided in Subsection
(1)includes coverage for:
(i)bodily injury or property damage suffered by a third party;
(ii)a claim covered by uninsured motorist coverage described in Section 31A-22-305 ;
(iii)a claim covered by underinsured motorist coverage described in Section 31A-22-305.5 ;
(iv)a claim covered by personal injury protection coverage and benefits described in Section 31A-22-307 ;
(v)a claim for medical payments;
(vi)a claim for comprehensive physical damage; and
(vii)a claim for collision physical damage.
(2)Nothing in this chapter invalidates, limits, or restricts the ability of an insurance company under other applicable law to:
(a)underwrite an insurance policy; or
(b)cancel or fail to renew an insurance policy.
(3)Nothing in this chapter invalidates or limits a provision in a motor vehicle liability insurance policy, including any insurance policy in use or approved for use, that excludes coverage for a motor vehicle made available for rent, sharing, hire, or any business use.
Enacted by Chapter 361 , 2023 General Session