So much of any benefits under all policies of sickness and accident insurance as does not exceed two hundred dollars for each month during any period of disability covered by such policy shall not be liable to attachment, trustee process, or other process, or to be seized, taken, appropriated, or applied by any legal or equitable process or by operation of law, either before or after payment of such benefits, to pay any debt or liabilities of the person insured under such policy. This exemption shall not apply where an action is brought to recover for necessaries contracted for during such period and the writ or complaint contains a statement to that effect. When a policy provides for a lump sum payment because of a dismemberment or other loss insured, such payment shall be exempt from execution by the insured's creditors.
Source: L. 92: Entire article R&RE, p. 1672, § 1, effective July 1.
Editor's note: This section is similar to former § 10-8-114 as it existed prior to 1992.
Structure Colorado Code
Article 16 - Health-Care Coverage
Part 2 - Sickness and Accident Insurance
§ 10-16-201. Form and Content of Individual Sickness and Accident Insurance Policies
§ 10-16-202. Required Provisions in Individual Sickness and Accident Policies
§ 10-16-203. Optional Provisions in Individual Sickness and Accident Insurance Policies
§ 10-16-206. Third-Party Ownership of Individual Sickness and Accident Insurance Policies
§ 10-16-207. Requirements of Other Jurisdictions
§ 10-16-208. Conforming to Statute
§ 10-16-209. Application for Policy
§ 10-16-212. Exemption From Attachment and Execution
§ 10-16-213. Industrial Sickness and Accident Insurance
§ 10-16-214. Group Sickness and Accident Insurance
§ 10-16-215. Blanket Sickness and Accident Insurance
§ 10-16-216.5. Hearing Procedure and Judicial Review - Violations - Penalty
§ 10-16-217. Application of Part 1 of This Article and Part 2
§ 10-16-220. Minimum Standards for Sickness and Accident Plans
§ 10-16-221. Statewide Health Care Review Committee - Creation - Membership - Duties - Repeal