Indiana § 24-4-9.2-16 Insurable interest; maintenance of liability; assumption of liability;
limitations

Indiana Statutes

§ 24-4-9.2-16 — Insurable interest; maintenance of liability; assumption of liability; limitations

Indiana § 24-4-9.2-16

Art. 4REGULATED BUSINESSES

Ch. 9.2Peer to Peer Vehicle Sharing

This text of Indiana § 24-4-9.2-16 (Insurable interest; maintenance of liability; assumption of liability; limitations) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 24-4-9.2-16 (2026).

Text

(a)During a vehicle sharing period, the P2P vehicle sharing program has an insurable interest in the shared vehicle.

(b)A P2P vehicle sharing program may maintain, as the named insured, one (1) or more motor vehicle insurance policies that provide coverage in an amount equal to or greater than the minimum amounts required by IC 9-25-4-5, including coverage for the following:

(1)Liability assumed by the P2P vehicle sharing program under a shared vehicle agreement.

(2)Liability of a shared vehicle owner.

(3)Liability of a shared vehicle driver.

(4)Damage or loss to a shared vehicle.

(c)Nothing in this section creates a liability on a P2P vehicle sharing program to maintain the coverage mandated under section 15 of this chapter.

(d)A P2P vehicle sharing program shall assume liability,

Free access — add to your briefcase to read the full text and ask questions with AI

(a) During a vehicle sharing period, the P2P
vehicle sharing program has an insurable interest in the shared vehicle.
(b) A P2P vehicle sharing program may maintain, as the named
insured, one (1) or more motor vehicle insurance policies that provide
coverage in an amount equal to or greater than the minimum amounts
required by IC 9-25-4-5, including coverage for the following:
(1) Liability assumed by the P2P vehicle sharing program under
a shared vehicle agreement.
(2) Liability of a shared vehicle owner.
(3) Liability of a shared vehicle driver.
(4) Damage or loss to a shared vehicle.
(c) Nothing in this section creates a liability on a P2P vehicle
sharing program to maintain the coverage mandated under section 15
of this chapter.
(d) A P2P vehicle sharing program shall assume liability, except as
provided in subsection (e), of a shared vehicle owner for any:
(1) bodily injury or property damage to third parties;
(2) uninsured and underinsured motorist losses; and
(3) personal injuries;
during the vehicle sharing period in an amount that is at least equal to
the amount required by IC 9-25-4-5 and is specified in the shared
vehicle agreement.
(e) The assumption of liability in subsection (d) does not apply if:
(1) the shared vehicle owner made an intentional or fraudulent
material misrepresentation to the P2P vehicle sharing program
before the vehicle sharing period in which the loss occurred; or
(2) acting jointly with the shared vehicle owner, the shared
vehicle driver fails to return the shared vehicle under the terms of
the shared vehicle agreement.
(f) Notwithstanding the definition of "termination time" under
section 10 of this chapter, the assumption of liability under subsection
(d) would apply to:
(1) bodily injury or property damage to third parties;
(2) uninsured and underinsured motorist losses; and
(3) personal injuries;
in an amount required by IC 9-25-4-5.
(g) This chapter does not:
(1) limit the liability of a P2P vehicle sharing program for any act
or omission of the P2P vehicle sharing program itself that results
in injury to any person as a result of the use of a shared vehicle
through the P2P vehicle sharing program; or
(2) limit the ability of the P2P vehicle sharing program to seek
indemnification by contract from the shared vehicle owner or the
shared vehicle driver for economic loss sustained by the P2P
vehicle sharing program that results from a breach of the terms
and conditions of the shared vehicle agreement.