Consider the Basic principles of insurance. Can you take out a policy on ur neighbors teenage driver?.....?

No. You cannot take out a policy on your neighbor's car, or kid.

There's no "insurable interest". Now, if you were the foster parent, you could. Or, if you're letting the kid drive your car to school every day, you can list him on YOUR policy.

THEN, you have insurable interest.

I'm assuming you are referring to life insurance.

The answer is NO.

In order to take out or own a policy on anyone, you must have an insurable interest in that person's life.

In other words, you must be in a position to lose, financially, in the event of death of the insured person.

Even if you had an insurable interest, you would have to have the written approval of the teen, and his/her parent or legal guardian.

It is legal, however, for the parent or legal guardian to take out the policy, them being the owner, and you make the payments on the policy, as a gesture to help them financially. You would have no stake in the policy, whatsoever, except to make the payments. You can stop making payments at any time. Just notify the owner of the policy, so he/she can continue the payments, to keep the policy from lapsing.