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2020 Colorado Revised Statutes
Title 10 - Insurance
Article 7. Life Insurance
Section 10-7-710. Legitimate insurance transactions.

Universal Citation:
CO Rev Stat § 10-7-710 (2020)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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(1) Except where a life insurance policy is procured or effected in violation of section 10-7-708, nothing in this article prevents:

  1. An owner of a policy, whether or not the owner of the policy is also the subject of theinsurance, from entering into a viatical settlement contract;

  2. Any person from soliciting a person to enter into a viatical settlement contract; or

  3. An owner or beneficiary from enforcing the payment of all benefits and proceeds ofthe policy obtained under a viatical settlement contract.

Source: L. 2011: Entire part added, (SB 11-182), ch. 227, p. 976, § 1, effective May 27.

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