Colorado § 10-4-104 Competency of minor to contract for insurance - nonavoidance

Colorado Statutes

§ 10-4-104 — Competency of minor to contract for insurance - nonavoidance

Colorado·Title 10 Insurance·Art. Property and Casualty Insurance

Any minor sixteen years of age or older may, notwithstanding his or her minority,
contract for insurance, including motor vehicle insurance, upon his or her own
property or liabilities. The minor is hereby determined to be competent to exercise
all rights and powers with respect to or under any such contract as might be
exercised by a person of full legal age and may at any time surrender the minor's
interest in the contract and give valid discharge for any benefits accruing or money
payable thereunder. Having entered into a contract for insurance, the minor is not
entitled to rescind, avoid, or repudiate the contract nor to rescind, avoid, or
repudiate any exercise of a right or privilege under the contract by reason of
minority.

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Any minor sixteen years of age or older may, notwithstanding his or her minority,
contract for insurance, including motor vehicle insurance, upon his or her own
property or liabilities. The minor is hereby determined to be competent to exercise
all rights and powers with respect to or under any such contract as might be
exercised by a person of full legal age and may at any time surrender the minor's
interest in the contract and give valid discharge for any benefits accruing or money
payable thereunder. Having entered into a contract for insurance, the minor is not
entitled to rescind, avoid, or repudiate the contract nor to rescind, avoid, or
repudiate any exercise of a right or privilege under the contract by reason of
minority.

Colorado § 10-4-104 (Competency of minor to contract for insurance - nonavoidance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.