Mich. Comp. Laws § 500.3462

Current through Public Act 148 of the 2024 Legislative Session
Section 500.3462 - Third party ownership of policy

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.

MCL 500.3462

1956, Act 218, Eff. 1/1/1957 .