38.2-3507 - Third-party ownership. - Virginia Statutes

§ 38.2-3507. Third-party ownership.

The word "insured," as used in this article, shall not be construed toprevent a person with a proper insurable interest from applying for andowning a policy covering another person or from being entitled to anyindemnities, benefits and rights provided under the policy.

(1952, c. 317, § 38.1-353; 1986, c. 562.)