Colorado Code
Part 3 - Standard Nonforfeiture and Valuation Act
§ 10-7-310. Life and Endowment Reserves

(1.5) For any life insurance policy issued on or after January 1, 1985, for which the contract premium in the first policy year exceeds that of the second year and for which no comparable additional benefit is provided in the first year for such excess and which provides an endowment benefit, a cash surrender value, or a combination thereof in an amount greater than such excess premium, the reserve according to the commissioners reserve valuation method as of any policy anniversary occurring on or before the assumed ending date, which for the purposes of this subsection (1.5), means the first policy anniversary on which the sum of any endowment benefit and any cash surrender value then available is greater than such excess premium, shall, except as otherwise provided in section 10-7-313, be the greater of the reserve as of such policy anniversary calculated as described in the introductory portion to and paragraphs (a) and (b) of subsection (1) of this section and the reserve as of such policy anniversary calculated as described in said portion and paragraphs of said subsection (1), but with:






Source: L. 61: p. 467, § 14. CRS 53: § 72-20-10. C.R.S. 1963: § 72-19-10. L. 77: IP(1) and (2) amended, p. 525, § 5, effective July 1. L. 81: (1.5) added, p. 557, § 11, effective July 1. L. 2000: (2) amended, p. 1840, § 9, effective August 2.

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