THIS POLICY DOES NOT GUARANTEE THAT ITS PROCEEDS WILL BE SUFFICIENT TO PAY FOR ANY PARTICULAR SERVICES OR MERCHANDISE AT TIME OF NEED OR THAT SERVICES OR MERCHANDISE SHALL BE PROVIDED BY ANY PARTICULAR PROVIDER.
Source: L. 13: p. 350, § 43. C.L. § 2516. L. 27: p. 449, § 1. CSA: C. 87, § 57. CRS 53: § 72-3-4. L. 61: p. 465, § 10. C.R.S. 1963: § 72-3-4. L. 95: (1)(j) added, p. 1046, § 2, effective May 25. L. 2021: IP(1) and (1)(j) amended, (SB 21-006), ch. 123, p. 489, § 4, effective September 7.
Editor's note: Section 31 of chapter 123 (SB 21-006), Session Laws of Colorado 2021, provides that the act changing this section applies to final dispositions of human remains or human fetuses made on or after September 7, 2021.
Cross references: For the operative date of the "Standard Nonforfeiture and Valuation Act", see § 10-7-315.
Structure Colorado Code
§ 10-7-101. Valuation of Life Policies
§ 10-7-102. Life Insurance Policies - Requirements
§ 10-7-103. Life Insurance Policies - Prohibition
§ 10-7-106. Exclusive Right of Insured in Proceeds
§ 10-7-107. Nonforfeiture Benefits - Applicability
§ 10-7-108. Regulating Vouchers for Disbursements
§ 10-7-109. Suicide No Defense for Nonpayment
§ 10-7-112. Interest Payable on Benefits or Proceeds
§ 10-7-113. Acceleration of Benefits
§ 10-7-114. Actuarial Opinion of Reserves - Definition - Rules