Colorado § 10-7-115 - Insurable interest - 170 (c) organizations.
Full text of Colorado Colorado Revised Statutes § 10-7-115 — Insurable interest - 170 (c) organizations., with citation guidance and answers to common questions.
§ 10-7-115. Insurable interest - 170 (c) organizations.
Notwithstanding any other provision of law, any organization that meets the requirements of section 170 (c) of the federal "Internal Revenue Code of 1986", as amended, may own or purchase life insurance on an insured who gives written consent to the ownership or purchase of that insurance. The provisions of this section do not limit or abridge any insurable interest or right to insure now existing at common law or by statute, shall be construed liberally to sustain the existence of an insurable interest, and shall stand as a declaration of existing law applicable to all life insurance policies whenever issued, in existence on or after March 20, 1992.
Source: L. 92: Entire section added, p. 1760, § 1, effective March 20.
Editor's note: This section was originally numbered as § 10-7-114 by House Bill 92-1031 but was renumbered on revision for ease of location.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-7-115
What does Colorado Revised Statutes § 10-7-115 cover?
Section 10-7-115 ("Insurable interest - 170 (c) organizations.") 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 § 10-7-115?
A common citation format is "Colorado Revised Statutes § 10-7-115" (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 § 10-7-115 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.