South Carolina Statutes
§ 38-71-640 — Person with insurable interest may take out policy on insured.
The term "insured" as used in this article may 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.
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South Carolina § 38-71-640 (Person with insurable interest may take out policy on insured.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former Code SECTION 38-35-490 [1956 (49) 2029; 1962 Code SECTION 37-478] recodified as SECTION 38-71-640 by 1987 Act No. 155, SECTION 1.
Nearby Sections
15
§ 38-71-100
Policies exempt from chapter.§ 38-71-1010
"Blanket accident and health insurance" defined.§ 38-71-1020
Requirements as to policies.§ 38-71-1040
Payment of benefits.§ 38-71-105
Disability income insurance.§ 38-71-1050
Legal liability of policyholders not affected.§ 38-71-1310
Short title.§ 38-71-1320
Purpose and intent.§ 38-71-1330
Definitions.