13-48a-304. Insurable interest -- Insurance to cover various liabilities -- No liability to maintain certain insurance.
130 words·~1 min read·
/ut/title-13/chapter-48a/13-48a-304A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 7/1/2023
13-48a-304. Insurable interest -- Insurance to cover various liabilities -- No liability to maintain certain insurance.
(1)Notwithstanding any other provision of law, a car-sharing program has an insurable interest in a shared vehicle during the car-sharing period.
(2)A car-sharing program may own and maintain as the named insured one or more policies of motor vehicle insurance that provide coverage for:
(a)a liability assumed by the car-sharing program under a car-sharing agreement;
(b)a liability of the shared vehicle owner;
(c)a liability of the shared vehicle driver; or
(d)damage or loss to a shared vehicle.
(3)Nothing in this section requires a car-sharing program to maintain insurance coverage for the car-sharing program's liability under this chapter.
Enacted by Chapter 361 , 2023 General Session