Code of Virginia § 46.2-1412. Insurable interest.
99 words·~1 min read·
/va/title-46-2/chapter-14-1/46-2-1412·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. Notwithstanding any provision of law to the contrary, a peer-to-peer vehicle sharing platform shall have an insurable interest in a shared vehicle during the vehicle sharing period.
B. A peer-to-peer vehicle sharing platform may own and maintain as the named insured one or more policies of motor vehicle liability insurance that provides coverage for:
1. Liabilities assumed by the peer-to-peer vehicle sharing platform under a vehicle sharing platform agreement;
2. Any liability of the shared vehicle owner;
3. Damage or loss to the shared vehicle; or
4. Any liability of the shared vehicle driver.
2020, c. 1266 .