Colorado § 10-7-710 Legitimate insurance transactions

Colorado Statutes

§ 10-7-710 — Legitimate insurance transactions

Colorado § 10-7-710

Title 10Insurance

Art.Life Insurance

This text of Colorado § 10-7-710 (Legitimate insurance transactions) 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. § 10-7-710 (2026).

Text

(1)Except where a life insurance policy is procured or effected in violation of section 10-7-708, nothing in this article prevents:

(a)An owner of a policy, whether or not the owner of the policy is also the subject of the insurance, from entering into a viatical settlement contract;

(b)Any person from soliciting a person to enter into a viatical settlement contract; or

(c)An owner or beneficiary from enforcing the payment of all benefits and proceeds of the policy obtained under a viatical settlement contract.

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(1) Except where a life
insurance policy is procured or effected in violation of section 10-7-708, nothing in
this article prevents:

(a) An owner of a policy, whether or not the owner of the policy is also the
subject of the insurance, from entering into a viatical settlement contract;

(b) Any person from soliciting a person to enter into a viatical settlement
contract; or

(c) An owner or beneficiary from enforcing the payment of all benefits and
proceeds of the policy obtained under a viatical settlement contract.