58-35-30Insurance of property not owned by member or spouse prohibited--Exceptions.

No insurer may insure any property not owned by a member or by his spouse except for the following:

(1)    Property described in subdivision 58-35-29(3); and

(2)    Personal property in the care, custody, and control of a member or his spouse.

Source: SL 1966, ch 111, ch 17, § 3 (2); SL 1992, ch 356.