Auto Insurance Claims: auto insurance, insurable interest, insurance coverage

Question
If my friend wants to buy a car but does not have the credit to get a loan and I keep the car in my name but he has the insurance who is liable if there is an accident?

Answer
You cannot do that.  The insured person has to be the owner.  Insurance coverage is based on the premise of an "insurable interest".  If the insured does not own the vehicle, then there is no insurable interest to insure.

If you wish to do this, then you will also have to carry the insurance coverage for the vehicle with yourself and your friend listed on the policy with the appropriate addresses.  

Personally, Though I appreciate your generosity in wanting to help out a friend,  these type of arrangements are notorious for ruining friendships.  

Good luck!