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 the policy to any indemnities, benefits, and rights provided in the policy.
(P.L. 1956, ch. 3808, § 3; G.L. 1956, § 27-18-7.)
Terms Used In Rhode Island General Laws 27-18-7. Third party ownership
- person: extends to and includes co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6