Colorado Statutes
§ 10-7-505 — Computation of annuity benefit
Any paid-up annuity benefit
available under a contract shall be such that its present value on the date annuity
payments are to commence is at least equal to the minimum nonforfeiture amount
on that date. Such present value shall be computed using the mortality table, if any,
and the interest rate specified in the contract for determining the minimum paid-up
annuity benefits guaranteed in the contract.
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Legislative History
Source: L. 77: Entire part added, p. 530, � 11, effective July 1.
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