When a car owner registers as a shared car owner on a car sharing program and before the shared car is made available for car sharing, the car sharing program shall notify the shared car owner that, if the shared car has a lien against it, the use of the shared car through a car sharing program, including use without physical damage coverage, may violate the terms of the contract with the lienholder.
Source: L. 2019: Entire part added, (SB 19-090), ch. 391, p. 3496, � 1, effective January 1, 2020.
6-1-1205. Liability - exclusions for personal automobile liability insurance policy - indemnification. (1) An authorized insurer may exclude coverage and the duty to defend or indemnify for any claim under a shared car owner's personal automobile liability insurance policy. This part 12 does not invalidate or limit an exclusion contained in an automobile liability insurance policy, including any insurance policy that excludes coverage for motor vehicles made available for rent, sharing, hire, or business use.
(2) An automobile insurer of the shared car owner that defends or indemnifies a shared car claim has the right to contribution against the insurer of the car sharing program if the claim is:
(a) Made against the shared car owner or the shared car driver for damages occurring during the sharing period; and
(b) Excluded under the terms of the shared car owner's insurance policy.
Source: L. 2019: Entire part added, (SB 19-090), ch. 391, p. 3496, � 1, effective January 1, 2020. L. 2020: IP(2) amended, (HB 20-1402), ch. 216, p. 1041, � 5, effective June 30.