RSA 408:3 Insurable Interest.

I. For the purpose of life insurance and annuities:
(a) An individual has an unlimited insurable interest in his or her own life, body, and health, and may lawfully take out a policy of insurance on his or her own life, body, and health, and have the policy made payable to whomsoever he or she pleases, regardless of whether the beneficiary designated has an insurable interest.
(b) A policyholder has an insurable interest in the life of an individual if such policyholder has a lawful and substantial interest in the continued life of the insured, as distinguished from an interest that would arise only from, or would be enhanced in value by, the death of the individual insured.
(c) An organization which qualifies for a charitable deduction under the Internal Revenue C