§431:10-204  Insurable interest required;personal insurances.  (a)  Any individual of competent legal capacity mayprocure or effect an insurance contract upon the individual's own life or bodyfor the benefit of any person.

(b)  No person shall procure or cause to beprocured any insurance contract upon the life or body of another individualunless the benefits under the contract are payable to the individual insured orthe insured's personal representatives, or to a person having, at the time thecontract was made, an insurable interest in the individual insured.

(c)  If the beneficiary, assignee or otherpayee under any contract made in violation of this section receives from theinsurer any benefits under the contract accruing upon the death, disablement orinjury of the individual insured, the individual insured or the insured'spersonal representative may maintain an action to recover the benefits from theperson so receiving them. [L 1987, c 347, pt of §2]