Colorado Statutes
§ 10-7-710 — Legitimate insurance transactions
(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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Legislative History
Source: L. 2011: Entire part added, (SB 11-182), ch. 227, p. 976, � 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