If proceeds payable under a life or endowment insurance policy or annuity contract are deposited into an account with check- or draft-writing privileges for the beneficiary of the policy or contract and, under a supplementary contract not involving annuity benefits other than death benefits, the proceeds are retained by the insurance company or the financial organization where the account is held, the policy or contract includes the assets in the account.
Source: L. 2019: Entire article R&RE, (SB 19-088), ch. 110, p. 422, § 1, effective July 1, 2020.
Structure Colorado Code
Title 38 - Property - Real and Personal
Article 13 - Revised Uniform Unclaimed Property Act
Part 2 - Presumption of Abandonment
§ 38-13-201. When Property Presumed Abandoned
§ 38-13-202. When Tax-Deferred Retirement Account Presumed Abandoned
§ 38-13-203. When Other Tax-Deferred Account Presumed Abandoned
§ 38-13-204. When Custodial Account for Minor Presumed Abandoned
§ 38-13-205. When Contents of Safe-Deposit Box Presumed Abandoned
§ 38-13-206. When Stored-Value Card Presumed Abandoned
§ 38-13-207. When Gift Card Presumed Abandoned
§ 38-13-207.5. Bank Deposits and Funds in Financial Organizations - Definition
§ 38-13-208. When Security Presumed Abandoned
§ 38-13-209. When Related Property Interest Presumed Abandoned
§ 38-13-210. Indication of Apparent Owner Interest in Property
§ 38-13-211. Knowledge of Death of Insured or Annuitant - Definition
§ 38-13-212. Deposit Account for Insurance Policy or Annuity Contract
§ 38-13-213. Refunds Held by Business Associations
§ 38-13-214. Foreclosure Sale - Overbid
§ 38-13-215. Funds Held in Lawyer Coltaf Trust Accounts - Exemption - Definition
§ 38-13-216. Money Held by the Public Employees' Retirement Association - Definitions
§ 38-13-217. Gaming Chips or Tokens - Gaming Award Points - Inapplicability
§ 38-13-218. Property Held by Racetracks - Inapplicability