§33-6-5. Application or consent of person insured required;
exceptions.
No life or accident and sickness insurance contract upon an
individual, except a contract of group life insurance or of group
accident and sickness insurance, shall be made unless at the time
of the making of the contract the individual insured, being of
competent legal capacity to contract, applies therefor or
consents thereto, except in the following cases:
(a) A spouse may procure such insurance upon the other
spouse.
(b) Any person having an insurable interest in the life of a
minor, or any person upon whom a minor is dependent for support
and maintenance, may procure insurance upon the life of or
pertaining to such minor.