Va. Code Ann. § 46.2-1412 – Insurable interest | Midpage
§ 46.2-1412
Va. Code Ann. § 46.2-1412
Insurable interest
Effective Jul 1, 20202020, c. 1266.
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;