ARTICLE 10E
PROPERTY INSURANCE
PART I. INSURABLE INTEREST IN PROPERTY;
OVER-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]