Section 58-17-43 - Third parties taking policy covering insured

58-17-43. Third parties taking policy covering insured.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. Source: SL 1966, ch 111, ch 25, §25.