(1) 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.
(2) Nothing in this section creates liability on a peer-to-peer car sharing program to maintain the coverage mandated by Section 63-39-5.
(3) 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 provides coverage for:(a) Liabilities assumed by the peer–to–peer car sharing program under a peer–to–peer car sharing program agreement;(b) Any liability of the shared vehicle owner; or(c) Damage or loss to the shared motor vehicle or any liability of the shared vehicle driver.
(a) Liabilities assumed by the peer–to–peer car sharing program under a peer–to–peer car sharing program agreement;
(b) Any liability of the shared vehicle owner; or
(c) Damage or loss to the shared motor vehicle or any liability of the shared vehicle driver.