1. 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.
2. 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.

3. 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. 1. Liabilities assumed by the peer-to-peer car sharing program under a peer-to-peer car sharing program agreement;
   2. 2. Liability of the shared vehicle owner;
   3. 3. Damage or loss to the shared motor vehicle; or
   4. 4. Liability of the shared vehicle driver.

Laws 2021, SB 355, c. 280, § 10, eff. November 1, 2021.