The suicide of a policyholder after the first policy year of any life insurance policy issued by any life insurance company doing business in this state shall not be a defense against the payment of a life insurance policy, whether said suicide was voluntary or involuntary, and whether said policyholder was sane or insane. Nothing in this section is intended or shall be construed to apply to any accident insurance policy insuring against accidental death or death by accidental means or to those parts or provisions of any life insurance policy insuring specifically against accidental death or death by accidental means.
Source: L. 13: p. 358, § 59. C.L. § 2532. L. 35: p. 573, § 1. CSA: C. 87, § 76. CRS 53: § 72-3-23. C.R.S. 1963: § 72-3-23.
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