Colorado Statutes
§ 10-7-508 — Determination of maturity date
For the purpose of determining
the benefits calculated under sections 10-7-506 and 10-7-507, in the case of
annuity contracts under which an election may be made to have annuity payments
commence at optional maturity dates, the maturity date shall be deemed to be the
latest date for which election shall be permitted by the contract but shall not be
deemed to be later than the anniversary of the contract next following the
annuitant's seventieth birthday or the tenth anniversary of the contract, whichever
is later.
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Legislative History
Source: L. 77: Entire part added, p. 531, � 11, effective July 1.
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