Colorado Statutes
§ 10-12-111 — Mutual life assessment companies prohibited - when
Colorado § 10-12-111
This text of Colorado § 10-12-111 (Mutual life assessment companies prohibited - when) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 10-12-111 (2026).
Text
No life
insurance company which is organized under the mutual assessment plan or which
issues contracts, the performance of which is contingent upon the payment of
assessments or calls made upon its members, shall do business in this state, except
such companies authorized on April 15, 1913, to do business in this state and which
value their assessment policies or certificates of membership as yearly renewable
term policies, according to the standard of valuation of life insurance policies
prescribed by the laws of this state. No such company shall provide in any contract
of insurance for any cash or other benefit to accrue to any living member or
policyholder or to any beneficiary except a death benefit from life insurance upon
the yearly renewable term plan.
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Legislative History
Source: L. 13: p. 358, � 60. C.L. � 2533. CSA: C. 87, � 77. CRS 53: � 72-5-11. L.
55: p. 458, � 1. C.R.S. 1963: � 72-5-11.
Nearby Sections
15
§ 10-1-101
Legislative declaration§ 10-1-102
Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
Rules of commissioner§ 10-1-111
Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
Company unauthorized in other statesCite This Page — Counsel Stack
Bluebook (online)
Colorado § 10-12-111, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/10/10-12-111.