Colorado § 10-7-113 - Acceleration of benefits.
Full text of Colorado Colorado Revised Statutes § 10-7-113 — Acceleration of benefits., with citation guidance and answers to common questions.
§ 10-7-113. Acceleration of benefits.
(1) Any policy of life or endowment insurance or annuity contract or contract supplemental thereto may contain benefits providing for the acceleration of life or endowment or annuity benefits in advance of the time they would otherwise be payable for an insured:
(a) Who is diagnosed with a terminal case of AIDS, as defined in section 10-3-1104.5 (2)(a), or with any other terminal illness, for health-care expenses or for long-term care which is certified or ordered by a physician; or
(b) Upon the occurrence of a qualifying event, as defined by the policy or contract.
(2) For the purposes of this section, "long-term care" shall include but need not be limited to hospice care, adult day care, professional nursing care, medical care expenses, custodial nursing care, and nonnursing custodial care provided in a nursing home or at a residence of the insured.
(3) The commissioner may request filing, for information purposes, the premium rates or discount rates applied to an acceleration of life insurance or endowment or annuity benefits in advance of the time they would otherwise be payable for an insured.
Source: L. 89: Entire section added, p. 449, § 5, effective April 15. L. 90: Entire section amended, p. 621, § 1, effective March 22.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-7-113
What does Colorado Revised Statutes § 10-7-113 cover?
Section 10-7-113 ("Acceleration of benefits.") 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 § 10-7-113?
A common citation format is "Colorado Revised Statutes § 10-7-113" (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 § 10-7-113 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.