Person with insurable interest may take out policy on insured.

S.C. Code Ann. § 38-71-640
in effect
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The term "insured" as used in this article may 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t38c071.phpFetched: 10/17/2026

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