Colorado Statutes
§ 10-7-403 — Where benefits are payable in variable amounts
Any contract
providing benefits payable in variable amounts, delivered or issued for delivery in
this state, shall contain a statement of the essential features of the procedures to
be followed by the insurance company in determining the dollar amount of such
variable benefits. Any such contract under which the benefits vary to reflect
investment experience, including a group contract and any certificate in evidence
of variable benefits issued thereunder, shall state that such dollar amount will so
vary and shall contain on its first page a statement to the effect that the benefits
thereunder are on a variable basis.
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Legislative History
Source: L. 71: p. 713, � 1. C.R.S. 1963: � 72-2-46.
Nearby Sections
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