“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 in the policy.
Third-party ownership
Tenn. Code Ann. § 56-26-112, under General Provisions.
Tenn. Code Ann. § 56-26-112