§ 10-7-313.1 — Minimum reserves - exceptions

Colorado § 10-7-313.1

• Jurisdiction: Colorado
• Title 10: Insurance
• Art.: Life Insurance

Text

(1) In the case of any plan of life
insurance that provides for future premium determination, the amounts of which
are to be determined by the insurance company based on then-present estimates of
future experience, or in the case of any plan of life insurance or annuity that is of
such a nature that the minimum reserves cannot be determined by the methods
described in sections 10-7-310, 10-7-310.5, and 10-7-313, the reserves that are held
under any such plan must:

(a) Be appropriate in relation to the benefits and the pattern of premiums for
that plan; and

(b) Be computed by a method that is consistent with the principles of this
part 3, as such appropriateness and method is determined by rules promulgated by
the commissioner.

Legislative History

Source: L. 2015: Entire section added, (HB 15-1048), ch. 63, p. 164, � 11, effective August 5.