2016 Colorado Revised Statutes
Title 10 - Insurance
Life Insurance
Article 7 - Life Insurance
Part 3 - Standard Nonforfeiture and Valuation Act
§ 10-7-313.1. Minimum reserves - exceptions
(1) In the case of any plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the insurance company based on then-present estimates of future experience, or in the case of any plan of life insurance or annuity that is of such a nature that the minimum reserves cannot be determined by the methods described in sections 10-7-310, 10-7-310.5, and 10-7-313, the reserves that are held under any such plan must:
(a) Be appropriate in relation to the benefits and the pattern of premiums for that plan; and
(b) Be computed by a method that is consistent with the principles of this part 3, as such appropriateness and method is determined by rules promulgated by the commissioner.
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