Sec. 21.51.290. Third-party ownership.

AK Stat § 21.51.290 (2019) (N/A)
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The word “insured,” as used in this chapter, may not prevent 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 a policy to any indemnities, benefits, and rights provided in the policy.