Colorado § 6-1-1209 - Insurable interest.
Full text of Colorado Colorado Revised Statutes § 6-1-1209 — Insurable interest., with citation guidance and answers to common questions.
§ 6-1-1209. Insurable interest.
(1) A car sharing program shall have an insurable interest in a shared car during the sharing period. This section does not create liability for a car sharing program for failure to maintain the insurance coverage required in section 6-1-1203 if insurance coverage is maintained in compliance with section 6-1-1203 by the shared car driver or the shared car owner.
(2) A car sharing program may own and maintain, as the named insured, one or more policies of automobile liability insurance that provide coverage in the amount of, in excess of, or optional to the amount of coverage required in this part 12. The coverage may include coverage for:
(a) Liability assumed by the car sharing program under a car sharing agreement;
(b) The liability of the shared car owner;
(c) Damage or loss to the shared car; or
(d) The liability of the shared car driver.
Source: L. 2019: Entire part added, (SB 19-090), ch. 391, p. 3497, § 1, effective January 1, 2020.
Frequently Asked Questions About Colorado § 6-1-1209
What does Colorado Revised Statutes § 6-1-1209 cover?
Section 6-1-1209 ("Insurable interest.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 6-1-1209?
A common citation format is "Colorado Revised Statutes § 6-1-1209" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 6-1-1209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.