The term "insured" as used in this article may not be construed as preventing a person other than the insured, with a proper insurable interest, from making application for and owning a policy covering the insured or from being entitled under such a policy to any indemnities, benefits, and rights provided therein.

HISTORY: Former Code SECTION 38-35-490 [1956 (49) 2029; 1962 Code SECTION 37-478] recodified as SECTION 38-71-640 by 1987 Act No. 155, SECTION 1.