Georgia § 40-1-227 Insurable interests

Georgia Statutes

§ 40-1-227 — Insurable interests

(a)Notwithstanding any other provision of law, a peer-to-peer car-sharing program shall have an insurable interest in a shared vehicle during the car-sharing period.

(b)Except as provided in Code Section 40-1-226 , nothing in this part creates a liability on a peer-to-peer car-sharing program to maintain the coverage mandated by this part.

(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 provides coverage for:

(1)Liabilities assumed by the peer-to-peer car-sharing program under a car-sharing program agreement;

(2)Any liability of the shared vehicle owner;

(3)Damage or loss to the shared motor vehicle; or (4) Any liability of the shared vehicle driver.

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(a) Notwithstanding any other provision of law, a peer-to-peer car-sharing program shall have an insurable interest in a shared vehicle during the car-sharing period. (b) Except as provided in Code Section 40-1-226 , nothing in this part creates a liability on a peer-to-peer car-sharing program to maintain the coverage mandated by this part. (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 provides coverage for: (1) Liabilities assumed by the peer-to-peer car-sharing program under a car-sharing program agreement; (2) Any liability of the shared vehicle owner; (3) Damage or loss to the shared motor vehicle; or (4) Any liability of the shared vehicle driver.

Georgia § 40-1-227 (Insurable interests) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.