Colorado § 6-1-1209 Insurable interest

Colorado Statutes

§ 6-1-1209 — Insurable interest

Colorado·Title 06 Consumer·Art. Colorado Consumer Protection Act

(1)A car sharing program shall have an insurable interest in a shared car during the sharing period. This section does not create liability for a car sharing program for failure to maintain the insurance coverage required in section 6-1-1203 if insurance coverage is maintained in compliance with section 6-1-1203 by the shared car driver or the shared car owner.

(2)A car sharing program may own and maintain, as the named insured, one or more policies of automobile liability insurance that provide coverage in the amount of, in excess of, or optional to the amount of coverage required in this part 12. The coverage may include coverage for:

(a)Liability assumed by the car sharing program under a car sharing agreement;

(b)The liability of the shared car owner;

(c)Damage or loss

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(1) A car sharing program shall have an
insurable interest in a shared car during the sharing period. This section does not
create liability for a car sharing program for failure to maintain the insurance
coverage required in section 6-1-1203 if insurance coverage is maintained in
compliance with section 6-1-1203 by the shared car driver or the shared car owner.

(2) A car sharing program may own and maintain, as the named insured, one
or more policies of automobile liability insurance that provide coverage in the
amount of, in excess of, or optional to the amount of coverage required in this part
12. The coverage may include coverage for:

(a) Liability assumed by the car sharing program under a car sharing
agreement;

(b) The liability of the shared car owner;

(c) Damage or loss to the shared car; or

(d) The liability of the shared car driver.

Colorado § 6-1-1209 (Insurable interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.