Oklahoma § 47-1059 Insurable interest.

Oklahoma Statutes

§ 47-1059 — Insurable interest.

Oklahoma·Title 47 Motor Vehicles

A.Notwithstanding any other law, statute, rule or regulation to the contrary, a peer-to-peer car sharing program shall have an insurable interest in a shared vehicle during the car sharing period.

B.Nothing in this section shall create liability on a peer-to- peer car sharing program to maintain the coverage mandated by Section 4 of this act.

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 provide coverage for: 1. Liabilities assumed by the peer-to-peer car sharing program under a peer-to-peer car sharing program agreement; 2. Liability of the shared vehicle owner; 3. Damage or loss to the shared motor vehicle; or 4. Liability of the shared vehicle driver.

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A. Notwithstanding any other law, statute, rule or regulation to the contrary, a peer-to-peer car sharing program shall have an insurable interest in a shared vehicle during the car sharing period. B. Nothing in this section shall create liability on a peer-to- peer car sharing program to maintain the coverage mandated by Section 4 of this act. 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 provide coverage for: 1. Liabilities assumed by the peer-to-peer car sharing program under a peer-to-peer car sharing program agreement; 2. Liability of the shared vehicle owner; 3. Damage or loss to the shared motor vehicle; or 4. Liability of the shared vehicle driver.

Oklahoma § 47-1059 (Insurable interest.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.