ARTICLE
10E



PROPERTY
INSURANCE



 



§431:10E-101  Insurable interest in property
required.  No contract of insurance on property or of any interest therein
or arising therefrom shall be enforceable except for the benefit of persons
having an insurable interest in the property insured.  Insurable interest means
any lawful and substantial economic interest in the safety or preservation of
the subject of the insurance free from loss, destruction, or pecuniary damage.
[L 1987, c 347, pt of §2]