Virginia § 46.2-1412 Insurable interest

Virginia Statutes

§ 46.2-1412 — Insurable interest

Virginia § 46.2-1412

Title 46.2Motor Vehicles

Subtitle IIIOperation

Ch. 14.1Peer-to-Peer Vehicle Sharing

This text of Virginia § 46.2-1412 (Insurable interest) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 46.2-1412 (2026).

Text

A.Notwithstanding any provision of law to the contrary, a peer-to-peer vehicle sharing platform shall have an insurable interest in a shared vehicle during the vehicle sharing period.

B.A peer-to-peer vehicle sharing platform 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 vehicle sharing platform under a vehicle sharing platform agreement;

2.Any liability of the shared vehicle owner;

3.Damage or loss to the shared vehicle; or

4.Any liability of the shared vehicle driver.

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A. Notwithstanding any provision of law to the contrary, a peer-to-peer vehicle sharing platform shall have an insurable interest in a shared vehicle during the vehicle sharing period.

B. A peer-to-peer vehicle sharing platform 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 vehicle sharing platform under a vehicle sharing platform agreement;

2. Any liability of the shared vehicle owner;

3. Damage or loss to the shared vehicle; or

4. Any liability of the shared vehicle driver.