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Code · Michigan · Chapter 500 — Insurance Code of 1956

500.3462 Third party ownership of policy.

72 words·~1 min read·/mi/chapter-500/500-3462

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500.3462 Third party ownership of policy.
Sec. 3462.
The word "insured", as used in this chapter, shall 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: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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