113.0057 – INSURABLE INTEREST. (a) Notwithstanding any
Texas Business and Commerce Code § 113.0057
Summary
This law establishes that peer-to-peer car sharing programs have an insurable interest in vehicles during the sharing period. It clarifies that these programs are not obligated to maintain insurance coverage but may choose to do so.
Peer-to-peer car sharing programs have insurable interest in shared vehicles.
No duty to maintain insurance coverage is imposed on these programs.
Programs can hold automobile insurance policies as named insured.
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In simple terms: Learn about Texas's INSURABLE INTEREST. (a) Notwithstanding any law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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