Colorado Statutes
§ 38-13-212 — Deposit account for insurance policy or annuity contract
If
proceeds payable under a life or endowment insurance policy or annuity contract
are deposited into an account with check- or draft-writing privileges for the
beneficiary of the policy or contract and, under a supplementary contract not
involving annuity benefits other than death benefits, the proceeds are retained by
the insurance company or the financial organization where the account is held, the
policy or contract includes the assets in the account.
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Legislative History
Source: L. 2019: Entire article R&RE, (SB 19-088), ch. 110, p. 422, � 1, effective
July 1, 2020.
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