{"data":{"id":"us-mi/mich.-comp.-laws-500.3462","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.3462","heading":"Third party ownership of policy.","body":"Sec. 3462.\n\nThe word \"insured\", as used in this chapter, shall not be construed as preventing 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 such a policy to any indemnities, benefits and rights provided therein.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-3462","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"3f212d4dafc04a47237177b85fd4e38d9c3c23cedc3caa374690db949df29d69","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.3460","next":"us-mi/mich.-comp.-laws-500.3464"},"notice":"GroundRules: Original legal text. Not legal advice."}