Statute text
(1) The provisions of law generally applicable to insurance companies shall not apply to captive insurance companies except as specifically provided in this article and except that captive insurance companies are subject to parts 9 and 10 of article 2 of this title and parts 7, 11, and 12 of article 3 of this title.
(2) Group captive insurance companies are subject to the provisions of section 10-3-208 (3) to (7), part 2 of article 1 of this title, article 2 of this title, and parts 8 and 14 of article 3 of this title.
(3) The malpractice reporting requirements of sections 10-1-120 to 10-1-125 shall apply to captive insurance companies.
History
Source: L. 72: p. 439, 1. C.R.S. 1963: 72-36-30. L. 89: Entire section amended, p. 468, 15, effective April 15. L. 91: Entire section amended, p. 1226, 8, effective May 24. L. 94: Entire section amended, p. 554, 19, effective April 6. L. 97: (2) amended, p. 92, 2, effective March 24. L. 2003: (3) amended, p. 618, 17, effective July 1.
LIFE INSURANCE
Section
PART 1 GENERAL
10-7-101. Valuation of life policies.
10-7-102. Life insurance policies - requirements.
10-7-103. Life insurance policies - prohibition.
10-7-104. Exceptions.
10-7-105. Violation.
10-7-105.5. Lapse of life insurance policy - notice - affidavit of mailing or electronic transmission - legislative declaration.
10-7-106. Exclusive right of insured in proceeds.
10-7-107. Nonforfeiture benefits - applicability.
10-7-108. Regulating vouchers for disbursements.
10-7-109. Suicide no defense for nonpayment.
10-7-110. Minor's capacity to contract for life insurance and annuities and to exercise rights concerning same. (Repealed)
10-7-111. Minor's capacity to give acquittances for insurance or annuity payments. (Repealed)
10-7-112. Interest payable on benefits or proceeds.
10-7-113. Acceleration of benefits.
10-7-114. Actuarial opinion of reserves - definition - rules.
10-7-115. Insurable interest - 170 (c) organizations.
10-7-116. Military sales - rules.
PART 2 GROUP LIFE INSURANCE
10-7-201. Group life insurance.
10-7-202. Policy provisions.
10-7-203. Employer defined.
10-7-204. Reciprocal provisions.
10-7-205. Exemption from execution.
10-7-206. Issuance and valuation of policies - annual statement.
10-7-207. Assignment.
PART 3 STANDARD NONFORFEITURE
AND VALUATION ACT
10-7-301. Short title.
10-7-301.5. Definitions.
10-7-302. Compulsory policy provisions.
10-7-303. Computation of cash surrender value.
10-7-304. Computation of nonforfeiture benefit.
10-7-305. Adjusted premiums.
10-7-305.1. Adjusted premiums for new policies.
10-7-305.2. Future premium determination - standards.
10-7-306. Calculation of values - supplemental rules.
10-7-306.1. Calculation of values - new policies.
10-7-307. Exemptions.
10-7-308. Waiver prohibited.
10-7-309. Minimum standard of valuation - rules.
10-7-309.5. Minimum standards of valuation for new policies - definition.
10-7-310. Life and endowment reserves.
10-7-310.5. Individual annuity and pure endowment reserves.
10-7-311. Minimum aggregate reserves.
10-7-312. Optional standards.
10-7-313. Minimum reserves.
10-7-313.1. Minimum reserves - exceptions.
10-7-313.2. Minimum standards for other coverages including accident and health insurance contracts - rules.
10-7-313.3. Valuation manual for policies issued on or after the operative date of the valuation manual - rules.
10-7-313.4. Requirements of a principle-based valuation.
10-7-313.5. Minimum reserves - exceptions. (Repealed)
10-7-313.6. Experience reporting for policies in force on or after the operative date of the valuation manual.
10-7-313.7. Minimum standards for other coverages. (Repealed)
10-7-313.8. Confidentiality - definitions.
10-7-313.9. Single state exemption.
10-7-314. Automatic premium loans.
10-7-315. Operative date.
10-7-316. Effect on existing policies.
PART 4 VARIABLE CONTRACTS
10-7-401. Sales not prohibited.
10-7-402. Investment contract funds - separate accounts.
10-7-403. Where benefits are payable in variable amounts.
10-7-404. Authority to issue variable contracts.
10-7-405. Construction.
PART 5 STANDARD NONFORFEITURE
LAW
FOR INDIVIDUAL DEFERRED
ANNUITIES
10-7-501. Short title.
10-7-502. Exemptions.
10-7-503. Compulsory contract provisions.
10-7-504. Minimum nonforfeiture amounts - rules.
10-7-505. Computation of annuity benefit.
10-7-506. Computation of cash surrender benefit.
10-7-507. Computation of paid-up annuity nonforfeiture benefit.
10-7-508. Determination of maturity date.
10-7-509. Calculations of values - supplemental rules.
10-7-510. Effective date - applicability of part.
10-7-511. Rule-making authority.
PART 6 VIATICAL SETTLEMENTS
10-7-601. Short title.
10-7-602. Definitions.
10-7-603. Licensing.
10-7-604. Licensure - refusal to issue - suspension - revocation - refusal to renew.
10-7-605. Forms approval.
10-7-606. Annual reports.
10-7-607. Examinations.
10-7-608. Disclosures.
10-7-609. General requirements.
10-7-610. Limited purchase in incontestability period.
10-7-611. Advertising - legislative intent.
10-7-612. Fraudulent acts.
10-7-613. Penalties.
10-7-614. Unfair trade practices.
10-7-615. Rules.
10-7-616. No preemption - Colorado Securities Act - authority of division of securities.
10-7-617. Application.
10-7-618. Continuation of business.
10-7-619. Viatical settlements cash fund - created.
10-7-620. Severability.
PART 7 INSURABLE INTEREST ACT
10-7-701. Short title.
10-7-702. Definitions.
10-7-703. Insurance on the life of another.
10-7-704. Insurable interest.
10-7-705. Insured's own life.
10-7-706. Reliance on statements.
10-7-707. Consent of insured.
10-7-708. Prohibited practices.
10-7-709. Actions to recover death benefits.
10-7-710. Legitimate insurance transactions.
PART 8 UNCLAIMED LIFE INSURANCE BENEFITS ACT
10-7-801. Short title.
10-7-802. Definitions.
10-7-803. Insurers - duty to compare names of insureds with death master file and to locate beneficiaries.