I would imagine that, much like getting the title changed over, in order to do what you're asking, you would also need to do a "conversion" on the bus to insure it as a residence. Even then, you're still likely to run into some problems.
But I would imagine that, if you put the frame on some stacks of blocks, and pulled the axles off the bus, your attempts at finding insurance would be much, much easier. Especially if you took some nice pictures and sent them to potential insurers.
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