Tex. Bus. & Com. Code Section 113.0057
Insurable Interest

(a)

Notwithstanding any other law, a peer-to-peer car sharing program has an insurable interest in a shared vehicle during the car sharing period.

(b)

Nothing in this section creates a duty on a peer-to-peer car sharing program to maintain the coverage required under this subchapter.

(c)

A peer-to-peer car sharing program may own and maintain as the named insured one or more policies of automobile insurance that separately or in combination provide coverage for:

(1)

liability assumed by the program under an agreement;

(2)

liability of the owner;

(3)

damage to or loss of the shared vehicle; or

(4)

liability of the driver.
Added by Acts 2021, 87th Leg., R.S., Ch. 445 (H.B. 113), Sec. 1, eff. September 1, 2021.

Source: Section 113.0057 — Insurable Interest, https://statutes.­capitol.­texas.­gov/Docs/BC/htm/BC.­113.­htm#113.­0057 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 113.0057’s source at texas​.gov