Colorado Statutes
§ 10-7-705 — Insured's own life
An individual has an insurable interest in the
individual's own life, and an individual of competent legal capacity who procures or
effects a policy on the individual's own life may designate any person as the
beneficiary and, unless the individual elects an irrevocable beneficiary designation,
change the beneficiary at any time thereafter.
Free access — add to your briefcase to read the full text and ask questions with AI
Colorado § 10-7-705 (Insured's own life) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Source: L. 2011: Entire part added, (SB 11-182), ch. 227, p. 975, � 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