§ 38.2-3507. Third-party ownership
The word "insured," as used in this article, shall not be construed to prevent a person with a proper insurable interest from applying for and owning a policy covering another person or from being entitled to any indemnities, benefits and rights provided under the policy.
(1952, c. 317, § 38.1-353; 1986, c. 562.)
Sections: Previous 38.2-3500 38.2-3501 38.2-3502 38.2-3503 38.2-3504 38.2-3505 38.2-3506 38.2-3507 38.2-3508 38.2-3509 38.2-3510 38.2-3511 38.2-3512 38.2-3513 38.2-3514 NextLast modified: April 3, 2009