(1) 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. (2) Nothing in this section creates liability on a peer-to-peer car sharing program to maintain the coverage mandated by Section 3 of this act. (3) 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 provides coverage for: (a) Liabilities assumed by the peer-to-peer car sharing program under a peer-to-peer car sharing program agreement; (b) Any liability of the shared vehicle owner; or (c) Damage or loss to the shared motor vehicle or any liability of the shared vehicle driver. Added by Laws, 2024, ch. 429, SB 2530,§ 9, eff. 1/17/2025. (1) 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. (2) Nothing in this section creates liability on a peer-to-peer car sharing program to maintain the coverage mandated by Section 3 of this act. (3) 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 provides coverage for: (a) Liabilities assumed by the peer-to-peer car sharing program under a peer-to-peer car sharing program agreement; (b) Any liability of the shared vehicle owner; or (c) Damage or loss to the shared motor vehicle or any liability of the shared vehicle driver. Added by Laws, 2024, ch. 429, SB 2530,§ 9, eff. 1/17/2025. (1) 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. (2) Nothing in this section creates liability on a peer-to-peer car sharing program to maintain the coverage mandated by Section 3 of this act. (3) 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 provides coverage for: (a) Liabilities assumed by the peer-to-peer car sharing program under a peer-to-peer car sharing program agreement; (b) Any liability of the shared vehicle owner; or (c) Damage or loss to the shared motor vehicle or any liability of the shared vehicle driver. Added by Laws, 2024, ch. 429, SB 2530,§ 9, eff. 1/17/2025. (1) 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. (2) Nothing in this section creates liability on a peer-to-peer car sharing program to maintain the coverage mandated by Section 3 of this act. (3) 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 provides coverage for: (a) Liabilities assumed by the peer-to-peer car sharing program under a peer-to-peer car sharing program agreement; (b) Any liability of the shared vehicle owner; or (c) Damage or loss to the shared motor vehicle or any liability of the shared vehicle driver. (a) Liabilities assumed by the peer-to-peer car sharing program under a peer-to-peer car sharing program agreement; (b) Any liability of the shared vehicle owner; or (c) Damage or loss to the shared motor vehicle or any liability of the shared vehicle driver.
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