Colorado § 10-7-310.5 Individual annuity and pure endowment reserves

Colorado Statutes

§ 10-7-310.5 — Individual annuity and pure endowment reserves

Colorado § 10-7-310.5

Title 10Insurance

Art.Life Insurance

This text of Colorado § 10-7-310.5 (Individual annuity and pure endowment reserves) 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. § 10-7-310.5 (2026).

Text

(1)This section applies to all annuity and pure endowment contracts other than group annuity and pure endowment contracts 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 the federal Internal Revenue Code of 1986, 26 U.S.C. sec. 408, as now or hereafter amended.

(2)Reserves according to the commissioners annuity reserve method for benefits under annuity or pure endowment contracts, excluding any disability and accidental death benefits in such contracts, shall be the greatest of the respective excesses of the present values, at

Free access — add to your briefcase to read the full text and ask questions with AI

(1) This
section applies to all annuity and pure endowment contracts other than group
annuity and pure endowment contracts 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 the federal Internal Revenue Code of 1986, 26 U.S.C. sec. 408, as
now or hereafter amended.

(2) Reserves according to the commissioners annuity reserve method for
benefits under annuity or pure endowment contracts, excluding any disability and
accidental death benefits in such contracts, shall be the greatest of the respective
excesses of the present values, at the date of valuation, of the future guaranteed
benefits, including guaranteed nonforfeiture benefits, provided for by such
contracts at the end of each respective contract year, over the present value, at the
date of valuation, of any future valuation considerations derived from future gross
considerations, required by the terms of such contracts, that become payable prior
to the end of such respective contract year. The future guaranteed benefits shall be
determined by using the mortality table, if any, and the interest rate, or rates,
specified in such contracts for determining guaranteed benefits. The valuation
considerations are the portions of the respective gross considerations applied
under the terms of such contracts to determine nonforfeiture values.

Legislative History

Source: L. 77: Entire section added, p. 526, � 6, effective July 1. L. 2000: (1) amended, p. 1840, � 10, effective August 2. L. 2015: (1) amended, (HB 15-1048), ch. 63, p. 163, � 7, effective August 5.