Colorado § 10-7-313.1 - Minimum reserves - exceptions.
Full text of Colorado Colorado Revised Statutes § 10-7-313.1 — Minimum reserves - exceptions., with citation guidance and answers to common questions.
§ 10-7-313.1. Minimum reserves - exceptions.
(1) In the case of any plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the insurance company based on then-present estimates of future experience, or in the case of any plan of life insurance or annuity that is of such a nature that the minimum reserves cannot be determined by the methods described in sections 10-7-310, 10-7-310.5, and 10-7-313, the reserves that are held under any such plan must:
(a) Be appropriate in relation to the benefits and the pattern of premiums for that plan; and
(b) Be computed by a method that is consistent with the principles of this part 3, as such appropriateness and method is determined by rules promulgated by the commissioner.
Source: L. 2015: Entire section added, (HB 15-1048), ch. 63, p. 164, § 11, effective August 5.
Editor's note: This section is similar to former § 10-7-313.5 as it existed prior to 2015.
Frequently Asked Questions About Colorado § 10-7-313.1
What does Colorado Revised Statutes § 10-7-313.1 cover?
Section 10-7-313.1 ("Minimum reserves - exceptions.") 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 § 10-7-313.1?
A common citation format is "Colorado Revised Statutes § 10-7-313.1" (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 § 10-7-313.1 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.