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Colorado Revised Statutes Title 10. Insurance § 10-7-710. Legitimate insurance transactions

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Except where a life insurance policy is procured or effected in violation of section 10-7-708, nothing in this article prevents:

(a) An owner of a policy, whether or not the owner of the policy is also the subject of the insurance, from entering into a viatical settlement contract;

(b) Any person from soliciting a person to enter into a viatical settlement contract; or

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

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 10. Insurance § 10-7-710. Legitimate insurance transactions - last updated January 01, 2025 | https://codes.findlaw.com/co/title-10-insurance/co-rev-st-sect-10-7-710/

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