Colorado § 10-7-312 - Optional standards.
Full text of Colorado Colorado Revised Statutes § 10-7-312 — Optional standards., with citation guidance and answers to common questions.
§ 10-7-312. Optional standards.
(1) Reserves for any category of policies or benefits as established by the commissioner may be calculated, at the option of the company, according to any standards that produce greater aggregate reserves for the category than those calculated according to the minimum standard provided in this part 3, but the rate or rates of interest used for policies and contracts, other than annuity and pure endowment contracts, must not be greater than the corresponding rate or rates of interest used in calculating any nonforfeiture benefits provided for in the policies or contracts.
(2) Any company that at any time has adopted any standard of valuation producing greater aggregate reserves than those calculated according to the minimum standard provided in this part 3 may adopt a lower standard of valuation with the approval of the commissioner, but not lower than the minimum provided in this part 3; except that, for the purposes of this part 3, the holding of additional reserves previously determined by the appointed actuary to be necessary to render the opinion required by section 10-7-114 shall not be deemed to be the adoption of a higher standard of valuation.
Source: L. 61: p. 468, § 16. CRS 53: § 72-20-12. C.R.S. 1963: § 72-19-12. L. 77: (1) amended, p. 527, § 8, effective July 1. L. 92: (2) amended, p. 1497, § 25, effective July 1. L. 2015: Entire section amended, (HB 15-1048), ch. 63, p. 163, § 9, effective August 5.
Frequently Asked Questions About Colorado § 10-7-312
What does Colorado Revised Statutes § 10-7-312 cover?
Section 10-7-312 ("Optional standards.") 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 § 10-7-312?
A common citation format is "Colorado Revised Statutes § 10-7-312" (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 § 10-7-312 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.