Colorado Statutes
§ 10-7-703 — Insurance on the life of another
A person shall not procure or
cause to be procured or effected a policy upon the life of another individual unless
the benefits under the policy are payable to the insured, to the personal
representative of the insured's estate, or to a person having, at the time the policy
is issued, an insurable interest in the individual insured.
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Legislative History
Source: L. 2011: Entire part added, (SB 11-182), ch. 227, p. 973, � 1, effective
May 27.
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 states