Colorado § 10-7-311 - Minimum aggregate reserves.
Full text of Colorado Colorado Revised Statutes § 10-7-311 — Minimum aggregate reserves., with citation guidance and answers to common questions.
§ 10-7-311. Minimum aggregate reserves.
(1) In no event shall a company's aggregate reserves for all life insurance policies, excluding disability and accidental death benefits, issued on or after July 1, 1992, be less than the aggregate reserves calculated in accordance with the methods set forth in sections 10-7-310, 10-7-310.5, 10-7-313, and 10-7-313.1 and the mortality table or tables and rate or rates of interest used in calculating nonforfeiture benefits for such policies.
(2) In no event shall the aggregate reserves for all policies, contracts, and benefits be less than the aggregate reserves determined by the appointed actuary to be necessary to render the opinion required by section 10-7-114.
Source: L. 61: p. 468, § 15. CRS 53: § 72-20-11. C.R.S. 1963: § 72-19-11. L. 77: Entire section amended, p. 527, § 7, effective July 1. L. 81: Entire section amended, p. 557, § 12, effective July 1. L. 92: Entire section amended, p. 1497, § 24, effective July 1. L. 2015: Entire section amended, (HB 15-1048), ch. 63, p. 163, § 8, effective August 5.
Frequently Asked Questions About Colorado § 10-7-311
What does Colorado Revised Statutes § 10-7-311 cover?
Section 10-7-311 ("Minimum aggregate reserves.") 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 § 10-7-311?
A common citation format is "Colorado Revised Statutes § 10-7-311" (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 § 10-7-311 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.