Section 15-102 - Third-party ownership of policies.
§ 15-102. Third-party ownership of policies.
In this title, the word "insured" may not be construed to prevent a person other than the insured with a proper insurable interest from applying for and owning a policy covering the insured or from being entitled under that policy to any indemnities, benefits, and rights provided in the policy.
[An. Code 1957, art. 48A, § 465; 1997, ch. 35, § 2.]