Oklahoma § 47-1059 Insurable interest.

Oklahoma Statutes

§ 47-1059 — Insurable interest.

Oklahoma § 47-1059

Title 47Motor Vehicles

This text of Oklahoma § 47-1059 (Insurable interest.) 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.

Bluebook

Okla. Stat. tit. 47, § 47-1059 (2026).

Text

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.