150 Insurance or security in respect of private use of vehicle to cover use under car-sharing arrangements

150  Insurance or security in respect of private use of vehicle to cover use under car-sharing arrangements

(1)     To the extent that a policy [issued] for the purposes of this Part of this Act—

(a)     restricts the insurance of the persons insured by the policy . . . to use of the vehicle for specified purposes (for example, social, domestic and pleasure purposes) of a non-commercial character, or

(b)     excludes from that insurance . . .—

(i)     use of the vehicle for hire or reward,

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