ARTICLE10E

PROPERTYINSURANCE

 

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