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Colorado Rev. Stat.
2020 Colorado Revised Statutes
Title 10 - Insurance
Article 7. Life Insurance
Section 10-7-505. Computation of annuity benefit.
Universal Citation:
CO Rev Stat § 10-7-505 (2020)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
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Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Such present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.
Source: L. 77: Entire part added, p. 530, § 11, effective July 1.
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