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Colorado Rev. Stat.
2020 Colorado Revised Statutes
Title 10 - Insurance
Article 7. Life Insurance
Section 10-7-705. Insured's own life.
Universal Citation:
CO Rev Stat § 10-7-705 (2020)
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This media-neutral citation is based
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An individual has an insurable interest in the individual's own life, and an individual of competent legal capacity who procures or effects a policy on the individual's own life may designate any person as the beneficiary and, unless the individual elects an irrevocable beneficiary designation, change the beneficiary at any time thereafter.
Source: L. 2011: Entire part added, (SB 11-182), ch. 227, p. 975, § 1, effective May 27.
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