Colorado Statutes
§ 10-7-404 — Authority to issue variable contracts
Colorado § 10-7-404
This text of Colorado § 10-7-404 (Authority to issue variable contracts) 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. § 10-7-404 (2026).
Text
(1)No company shall
deliver or issue for delivery within this state variable contracts unless it is licensed
to do a life insurance or annuity business in this state and the commissioner is
satisfied that its condition or method of operation in connection with the issuance
of such contracts will not render its operation hazardous to the public or its
policyholders in this state. In this connection, the commissioner shall consider
among other things:
(a)The history and financial condition of the company;
(b)The character, responsibility, and fitness of the officers and directors of
the company; and
(c)The law and regulations under which the company is authorized in the
state of domicile to issue variable contracts.
(2)If the company is a subsidiary of an admitted life insur
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Legislative History
Source: L. 71: p. 713, � 1. C.R.S. 1963: � 72-2-47.
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 § 10-7-404, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/10/10-7-404.