Virginia § 46.2-1412 - Insurable interest
Full text of Virginia Code of Virginia § 46.2-1412 — Insurable interest, with citation guidance and answers to common questions.
§ 46.2-1412. Insurable interest
A. Notwithstanding any provision of law to the contrary, a peer-to-peer vehicle sharing platform shall have an insurable interest in a shared vehicle during the vehicle sharing period.
B. A peer-to-peer vehicle sharing platform may own and maintain as the named insured one or more policies of motor vehicle liability insurance that provides coverage for:
1. Liabilities assumed by the peer-to-peer vehicle sharing platform under a vehicle sharing platform agreement;
2. Any liability of the shared vehicle owner;
3. Damage or loss to the shared vehicle; or
4. Any liability of the shared vehicle driver.
2020, c. 1266.
Frequently Asked Questions About Virginia § 46.2-1412
What does Code of Virginia § 46.2-1412 cover?
Section 46.2-1412 ("Insurable interest") is part of the Code of Virginia, the codified statutory law of Virginia. 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 Virginia § 46.2-1412?
A common citation format is "Code of Virginia § 46.2-1412" (Virginia). 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 Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 46.2-1412 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia 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 Virginia.