Colorado § 10-7-508 Determination of maturity date

Colorado Statutes

§ 10-7-508 — Determination of maturity date

Colorado § 10-7-508

Title 10Insurance

Art.Life Insurance

This text of Colorado § 10-7-508 (Determination of maturity date) 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. § 10-7-508 (2026).

Text

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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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.