Colorado § 31-30-1114 - Fund investment in insurance.
Full text of Colorado Colorado Revised Statutes § 31-30-1114 — Fund investment in insurance., with citation guidance and answers to common questions.
§ 31-30-1114. Fund investment in insurance.
(1) Except as provided in subsection (2) of this section and with the concurrence of sixty-five percent of the fire department members voting thereon and sixty-five percent of the retired fire department members voting thereon, the board may:
(a) Insure the fire department members under the following insurance policies issued by companies authorized to do business in this state:
(I) Individual, group, or blanket life, endowment, or annuity insurance;
(II) Variable annuity insurance; or
(III) Disability or liability insurance; and
(b) Spend any part of the fund to pay premiums on these policies.
(2) The board shall not spend fund moneys to purchase insurance if the expenditure would impair the pension fund's ability to:
(a) Pay annuities to a fire department member, surviving spouse, or dependent parent or child receiving annuities; or
(b) Meet the future requirements of pensions, benefits, and awards under the plan.
(3) The board must be the beneficiary of any insurance policies, and the proceeds of the insurance policies shall be paid to the board as an addition to the fund.
Source: L. 95: Entire part added, p. 1371, § 2, effective June 5.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 31-30-1114
What does Colorado Revised Statutes § 31-30-1114 cover?
Section 31-30-1114 ("Fund investment in insurance.") 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 § 31-30-1114?
A common citation format is "Colorado Revised Statutes § 31-30-1114" (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 § 31-30-1114 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.