No provision in a contract for insurance regulated by this article or any contract ancillary to such a contract, including specifically a contract setting up an annuity for indemnity benefits, shall establish a reversionary interest in the insurer for the indemnity benefits. Any such provision is void and unenforceable as against public policy.
Source: L. 2010: Entire section added, (SB 10-011), ch. 302, p. 1433, § 4, effective May 27.
Structure Colorado Code
§ 8-44-101. Insurance Requirements
§ 8-44-102. Contract for Insurance Subject to Workers' Compensation Act
§ 8-44-103. Insurers to File System of Rating - Approval
§ 8-44-104. Cutting Rates - Rebates - Penalty
§ 8-44-105. Provisions of Policies - Primary Liability - Notice of Injury
§ 8-44-106. Insurer Violation - Suspension or Revocation of License
§ 8-44-107. Right of Insurer to Examine Books of Employer
§ 8-44-108. Repayments for Misclassifications
§ 8-44-110. Notice of Cancellation
§ 8-44-111. Workers' Compensation Insurance - Deductibles - Definition
§ 8-44-112. Surcharge on Workers' Compensation Insurance Premiums - Workers' Compensation Cash Fund
§ 8-44-114. Determination of Premium
§ 8-44-115. Calculation of Premium - Motor Vehicle Accidents
§ 8-44-116. Reversionary Interests in Indemnity Benefits Prohibited