58-10-8. Insurable interest in property defined.
37 words·~1 min read·
/sd/title-58/chapter-58-10/58-10-8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
"Insurable interest" as used in §§ 58-10-7 and 58-10-9 means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.