This text of Oklahoma § 47-1053 (Motor vehicle liability insurance policy required.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
A.A peer-to-peer car sharing program shall ensure that, during each car sharing period, the shared vehicle owner and the shared vehicle driver are insured under a motor vehicle liability insurance policy that provides insurance coverage in amounts no less than the minimum amounts set forth in Section 7-600 et seq. of Title 47 of the Oklahoma Statutes, and: 1. Recognizes that the shared vehicle insured under the policy is made available and used through a peer-to-peer car sharing program; or 2. Does not exclude use of a shared vehicle by a shared vehicle driver.
B.The insurance required under subsection A of this section may be satisfied by motor vehicle liability insurance maintained by: 1. A shared vehicle owner; 2. A shared vehicle driver; 3. A peer-to-peer car sharing program; or 4. A
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A. A peer-to-peer car sharing program shall ensure that, during each car sharing period, the shared vehicle owner and the shared vehicle driver are insured under a motor vehicle liability insurance policy that provides insurance coverage in amounts no less than the minimum amounts set forth in Section 7-600 et seq. of Title 47 of the Oklahoma Statutes, and: 1. Recognizes that the shared vehicle insured under the policy is made available and used through a peer-to-peer car sharing program; or 2. Does not exclude use of a shared vehicle by a shared vehicle driver. B. The insurance required under subsection A of this section may be satisfied by motor vehicle liability insurance maintained by: 1. A shared vehicle owner; 2. A shared vehicle driver; 3. A peer-to-peer car sharing program; or 4. Any combination of a shared vehicle owner, a shared vehicle driver and a peer-to-peer car sharing program. C. The insurance required in subsection B of this section, that is satisfying the requirement of subsection A of this section, shall be primary during each car sharing period, and in the event that a claim occurs in another state with minimum financial responsibility limits higher than those provided pursuant to Section 7-600 et seq. of Title 47 of the Oklahoma Statutes, during the car sharing period, the coverage maintained under subsection E of this section shall satisfy the difference in minimum coverage amounts, up to the applicable policy limits. D. The insurer, insurers, or peer-to-peer car sharing program providing coverage under subsection A or B of this section shall assume primary liability for a claim when: 1. A dispute exists as to who was in control of the shared motor vehicle at the time of the loss and the peer-to-peer car sharing program does not have available, did not retain, or fails to provide the information required by Section 5 of this act; or 2. A dispute exists as to whether the shared vehicle was returned to the alternatively agreed upon location as required under Section 2 of this act. E. If insurance maintained by a shared vehicle owner or shared vehicle driver in accordance with subsection B of this section has lapsed or does not provide the required coverage, insurance maintained by a peer-to-peer car sharing program shall provide the coverage required by subsection A of this section beginning with the first dollar of a claim and shall have the duty to defend such claim except under circumstances as set forth in subsection B of Section 3 of this act. F. Coverage under an automobile insurance policy maintained by the peer-to-peer car sharing program shall not be dependent on another automobile insurer first denying a claim, nor shall another automobile insurance policy be required to first deny a claim. G. Nothing in the Peer-to-Peer Car Sharing Program Act shall: 1. Limit the liability of the peer-to-peer car sharing program for any act or omission of the program itself that results in injury to any person as a result of the use of a shared vehicle through a peer-to-peer car sharing program; or 2. Limit the ability of the peer-to-peer car sharing program to, by contract, seek indemnification from the shared vehicle owner or the shared vehicle driver for economic loss sustained by the peer-to-peer car sharing program resulting from a breach of the terms and conditions of the car sharing program agreement.