17B:26-30. Third party ownership 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. L.1971, c. 144, s. 17B:26-30.
New Jersey Legal Code