(a) A peer-to-peer car sharing company shall have an insurable interest in a shared vehicle during the car sharing period. Nothing in this subsection shall create liability for a peer-to-peer car sharing company for failure to maintain the insurance coverage required pursuant to section 13b-127a .
(b) A peer-to-peer car sharing company may own and maintain, as the named insured, one or more policies of automobile liability insurance that provides coverage for: (1) Liability assumed by the peer-to-peer car sharing company under a car sharing 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.