§ 500.3462

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