CODE OF VIRGINIA

THIRD-PARTY OWNERSHIP (§ 38.2-3507)

The word “insured,” as used in this article, shall not be construed
to prevent a person with a proper insurable interest from applying for and
owning a policy covering another person or from being entitled to any
indemnities, benefits and rights provided under the policy.

HISTORY: 1952, c. 317, § 38.1-353; 1986, c. 562.