Tex. Business & Commerce Code § 113.0057
INSURABLE INTEREST
Texas · Texas Business & Commerce Code · Status: effective
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- Citation
- Tex. Business & Commerce Code § 113.0057, INSURABLE INTEREST, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/631024
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Full text
(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.