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2018 Colorado Revised Statutes
Title 10 - Insurance
Life Insurance
Article 7 - Life Insurance
Part 7 - Insurable Interest Act
§ 10-7-706. Reliance on statements
Universal Citation: CO Rev Stat ยง 10-7-706 (2018)
An insurer is entitled to rely upon all reasonable statements, declarations, and representations made by an applicant for life insurance relative to the existence of an insurable interest. No insurer incurs legal liability, except as set forth in the policy, by virtue of untrue statements, declarations, or representations relied upon in good faith by the insurer.
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