This part 5 shall not apply to any reinsurance, group annuity purchased under a retirement plan or plan of deferred compensation established or maintained by an employer (including a partnership or sole proprietorship) or by an employee organization, or by both, other than a plan providing individual retirement accounts or individual retirement annuities under section 408 of the federal "Internal Revenue Code of 1986", as now or hereafter amended. Nor shall this part 5 apply to any premium deposit fund, variable annuity, investment annuity, immediate annuity, deferred annuity contract after annuity payments have commenced, or reversionary annuity, or to any contract delivered outside this state through an agent or other representative of the company issuing the contract.
Source: L. 77: Entire part added, p. 528, § 11, effective July 1. L. 2000: Entire section amended, p. 1840, § 11, effective August 2.
Structure Colorado Code
Part 5 - Standard Nonforfeiture Law for Individual Deferred Annuities
§ 10-7-503. Compulsory Contract Provisions
§ 10-7-504. Minimum Nonforfeiture Amounts - Rules
§ 10-7-505. Computation of Annuity Benefit
§ 10-7-506. Computation of Cash Surrender Benefit
§ 10-7-507. Computation of Paid-Up Annuity Nonforfeiture Benefit
§ 10-7-508. Determination of Maturity Date
§ 10-7-509. Calculations of Values - Supplemental Rules