There is a newer version of the Maryland Code
2013 Maryland Code
INSURANCE
§ 15-102 - Third-party ownership of policies
MD Ins Code § 15-102 (2013) What's This?
§15-102.
In this title, the word “insured” may not be construed to prevent a person other than the insured with a proper insurable interest from applying for and owning a policy covering the insured or from being entitled under that policy to any indemnities, benefits, and rights provided in the policy.
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