There is a newer version of the Colorado Revised Statutes
2016 Colorado Revised Statutes
Title 10 - Insurance
Life Insurance
Article 7 - Life Insurance
Part 7 - Insurable Interest Act
§ 10-7-703. Insurance on the life of another
CO Rev Stat ยง 10-7-703 (2016) What's This?
A person shall not procure or cause to be procured or effected a policy upon the life of another individual unless the benefits under the policy are payable to the insured, to the personal representative of the insured's estate, or to a person having, at the time the policy is issued, an insurable interest in the individual insured.
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