§ 83-5-251. Procurer of insurance must have insurable interest; insurable interest defined; insurer reliance on applicant’s representations; insurable interest of charitable, etc. organization
Any individual of competent legal capacity may procure or effect an insurance contract upon his own life or body for the benefit of any person, but no person shall procure or cause to be procured any insurance contract upon the life or body of another individual unless the benefits under such contract are payable to […]