Colorado § 10-12-111 - Mutual life assessment companies prohibited - when.
Full text of Colorado Colorado Revised Statutes § 10-12-111 — Mutual life assessment companies prohibited - when., with citation guidance and answers to common questions.
§ 10-12-111. Mutual life assessment companies prohibited - when.
No life insurance company which is organized under the mutual assessment plan or which issues contracts, the performance of which is contingent upon the payment of assessments or calls made upon its members, shall do business in this state, except such companies authorized on April 15, 1913, to do business in this state and which value their assessment policies or certificates of membership as yearly renewable term policies, according to the standard of valuation of life insurance policies prescribed by the laws of this state. No such company shall provide in any contract of insurance for any cash or other benefit to accrue to any living member or policyholder or to any beneficiary except a death benefit from life insurance upon the yearly renewable term plan.
Source: L. 13: p. 358, § 60. C.L. § 2533. CSA: C. 87, § 77. CRS 53: § 72-5-11. L. 55: p. 458, § 1. C.R.S. 1963: § 72-5-11.
Cross references: For the valuation of life policies, see § 10-7-101.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-12-111
What does Colorado Revised Statutes § 10-12-111 cover?
Section 10-12-111 ("Mutual life assessment companies prohibited - when.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 10-12-111?
A common citation format is "Colorado Revised Statutes § 10-12-111" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 10-12-111 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.