reglab/housing_qa huggingface dataset:
CO Code § 10-4-1708 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 4 - Property and Casualty Insurance|Part 17 - Self-Storage Insurance Limited Licenses|§ 10-4-1708. Notification

  Notwithstanding any other provision of law:     Whenever written notice or correspondence with respect to a policy is required, the insurer shall send the notice within the notice period, if any, specified by law and may send notices and correspondence by either mail or electronic means. For purposes of this subsection (1)(a)(I), an occupant's provision of an e-mail address to the insurer or supervising entity is consent to receive written notices and correspondence by electronic means. (a) (I) Whenever written notice or correspondence with respect to a policy is required, the insurer shall send the notice within the notice period, if any, specified by law and may send notices and correspondence by either mail or electronic means. For purposes of this subsection (1)(a)(I), an occupant's provision of an e-mail address to the insurer or supervising entity is consent to receive written notices and correspondence by electronic means.    If the written notice is mailed, the insurer shall send it to the supervising entity at the supervising entity's address as well as to the last-known address of the occupant and shall maintain proof of mailing in a form authorized or accepted by the United States postal service or other commercial mail delivery service.    If the written notice is sent by electronic means, the insurer shall send it to the supervising entity at the supervising entity's e-mail address and to the occupant's last-known e-mail address as provided by the occupant and shall maintain proof that the written notice was sent.       A supervising entity may send any notice or correspondence required by this section or otherwise required by law on behalf of the insurer or self-storage retailer.         History. Source: L. 2017: Entire part added,(HB 17-1263), ch. 368, p. 1919, § 1, effective August 9.
CO Code § 10-4-1709 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 4 - Property and Casualty Insurance|Part 17 - Self-Storage Insurance Limited Licenses|§ 10-4-1709. Enforcement

  The commissioner may, after notice and opportunity for a hearing, respond to a violation of a provision of this part 17 by:   Taking disciplinary action against any supervising entity pursuant to section 10-2-801;    Imposing other penalties, including suspending the license of a supervising entity for a violation of this part 17, as the commissioner considers necessary or convenient to carry out this part 17; or    Suspending or revoking the ability of any individual working for or acting on behalf of a self-storage retailer to act under the limited lines self-storage insurance producer license.        History. Source: L. 2017: Entire part added,(HB 17-1263), ch. 368, p. 1919, § 1, effective August 9.
CO Code § 10-7-104 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 1 - General|§ 10-7-104. Exceptions

 The provisions of sections 10-7-102 and 10-7-103 shall not apply to annuities, industrial policies, or corporations or associations operating on the assessment or fraternal plan; except that the commissioner may review variable annuities to ensure that such products are offered, marketed, or sold to a market suitable for such product.   History. Source: L. 13: P. 352, § 45. C.L. § 2518. CSA: C. 87, § 59. CRS 53: § 72-3-6. C.R.S. 1963: § 72-3-6. L. 2004: Entire section amended, p. 520, § 9, effective July 1. History. Source: L. 13: P. 352, § 45. C.L. § 2518. CSA: C. 87, § 59. CRS 53: § 72-3-6. C.R.S. 1963: § 72-3-6. L. 2004: Entire section amended, p. 520, § 9, effective July 1.    ANNOTATION   Provisions of § 10-7-102 not applicable to fraternal societies. Where the decedent obtained membership in a fraternal benefit society to which his true age made him ineligible and which society is specifically excepted by this section, from the operation of § 10-7-102 , it was held that an action by the beneficiary was not maintainable. Wiltshire v. Modern Woodmen of Am., 76 Colo. 460 , 232 P. 925 (1925).
CO Code § 10-7-105 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 1 - General|§ 10-7-105. Violation

 The certificate of authority of any foreign or domestic life insurance company violating any of the provisions of sections 10-7-102 and 10-7-103 shall be suspended by the commissioner and shall not be renewed until such company fully and completely conforms to the same. Such action by the commissioner is subject to review by any court of competent jurisdiction.   History. Source: L. 13: P. 352, § 46. C.L. § 2519. CSA: C. 87, § 60. CRS 53: § 72-3-7. C.R.S. 1963: § 72-3-7. History. Source: L. 13: P. 352, § 46. C.L. § 2519. CSA: C. 87, § 60. CRS 53: § 72-3-7. C.R.S. 1963: § 72-3-7.
CO Code § 10-7-105.5 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 1 - General|§ 10-7-105.5. Lapse of Life Insurance Policy - Notice - Affidavit of Mailing or Electronic Transmission - Legislative Declaration

  The general assembly finds, determines, and declares that it is beneficial to citizens of this state for life insurers, prior to the lapse of individual life insurance policies for nonpayment of premium, to provide written notice in a uniform manner to policy owners.    A notice of lapse of an individual life insurance policy for nonpayment of premium is effective only if:   The information is mailed along with the reason for the lapse by first-class United States mail to the last-known address of the policy owner at least twenty-five days before the effective date of lapse; or    The information is transmitted along with the reason for the lapse by electronic mail, if the policy owner consents to receive information related to an individual life insurance policy in electronic form, to the last-known electronic mail address of the policy owner on file with the insurer at least twenty-five days before the effective date of lapse of the individual life insurance policy.       The affidavit, executed under penalty of perjury, of any officer, clerk, or agent of the insurer or of anyone authorized to mail or electronically transmit notices required by subsection (2) of this section, constitutes proof of notice under this section.    This section does not apply to individual life insurance policies upon which premiums are paid monthly or at more frequent intervals.    The commissioner may adopt rules necessary for the administration of this section.     History. Source: L. 2014: Entire section added,(HB 14-1082), ch. 80, p. 320, § 1, effective January 1, 2015.
CO Code § 10-7-108 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 1 - General|§ 10-7-108. Regulating Vouchers for Disbursements

 No domestic life insurance company shall make any disbursement unless the same is evidenced by a voucher correctly describing the consideration for the payment. If the expenditure is for both services and disbursements, the voucher shall set forth the services rendered and an itemized statement of the disbursements made. If the expenditure is in connection with any matter pending before any legislative or public body, or before any department or officer of any state or government, the voucher shall correctly describe, in addition, the nature of the matter and of the interest of such company therein. When such voucher cannot be obtained, the expenditure shall be evidenced by an affidavit describing the character and object of the expenditure and stating the reason for not obtaining such voucher.   History. Source: L. 13: P. 354, § 51. C.L. § 2524. CSA: C. 87, § 66. CRS 53: § 72-3-13. C.R.S. 1963: § 72-3-13. L. 71: P. 717, § 1. History. Source: L. 13: P. 354, § 51. C.L. § 2524. CSA: C. 87, § 66. CRS 53: § 72-3-13. C.R.S. 1963: § 72-3-13. L. 71: P. 717, § 1.
CO Code § 10-7-113 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 1 - General|§ 10-7-113. Acceleration of Benefits

  Any policy of life or endowment insurance or annuity contract or contract supplemental thereto may contain benefits providing for the acceleration of life or endowment or annuity benefits in advance of the time they would otherwise be payable for an insured:   Who is diagnosed with a terminal case of AIDS, as defined in section 10-3-1104.5 (2)(a), or with any other terminal illness, for health-care expenses or for long-term care which is certified or ordered by a physician; or    Upon the occurrence of a qualifying event, as defined by the policy or contract.       For the purposes of this section, “long-term care” shall include but need not be limited to hospice care, adult day care, professional nursing care, medical care expenses, custodial nursing care, and nonnursing custodial care provided in a nursing home or at a residence of the insured.    The commissioner may request filing, for information purposes, the premium rates or discount rates applied to an acceleration of life insurance or endowment or annuity benefits in advance of the time they would otherwise be payable for an insured.     History. Source: L. 89: Entire section added, p. 449, § 5, effective April 15. L. 90: Entire section amended, p. 621, § 1, effective March 22.
CO Code § 10-7-115 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 1 - General|§ 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.   History. 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.
CO Code § 10-7-116 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 1 - General|§ 10-7-116. Military Sales - Rules

 The commissioner shall promulgate rules, consistent with federal law, to define dishonest, unfair, and deceptive marketing and sales practices to military personnel and their families. The rules shall not affect federal insurance programs under 38 U.S.C. sec. 1965 et seq.   History. Source: L. 2007: Entire section added, p. 1990, § 1, effective August 3.
CO Code § 10-7-201 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 2 - Group Life Insurance|§ 10-7-201. Group Life Insurance

  No policy of group life insurance shall be delivered in this state unless:   The policyholder was formed for purposes other than obtaining insurance, or is a trust established by one or more employers or by one or more labor unions, or by one or more employers and one or more labor unions; and    (Deleted by amendment, L. 2010, (HB 10-1203), ch. 47, p. 177, § 1, effective March 29, 2010.)    An individual eligible for coverage is subject to such uniformly applied standards of insurability as may be imposed by the insurer.    Repealed.       Insurance under any group life insurance policy may be extended to insure dependents.    Repealed.     History. Source: L. 19: P. 441, § 1. C.L. § 2594. L. 29: P. 388, § 1. CSA: C. 87, § 164. L. 47: P. 580, § 1. L. 53: P. 373, §§ 1, 2. CRS 53: § 72-6-1. L. 55: P. 459, § 1. L. 59: P. 509, § 1. C.R.S. 1963: § 72-6-1. L. 65: P. 766, § 1. L. 67: Pp. 164, 165, 174, 184, §§ 1-4, 1, 1. L. 73: P. 850, § 1. L. 77: (1)(f) amended, p. 520, § 1, effective May 14; entire section R&RE, p. 521, § 1, effective July 1. L. 79: (3) repealed, p. 393, § 1, effective May 25. L. 83: (1)(d) repealed, p. 463, § 2, effective March 16. L. 2010: (1) amended,(HB 10-1203), ch. 47, p. 177, § 1, effective March 29. History. Source: L. 19: P. 441, § 1. C.L. § 2594. L. 29: P. 388, § 1. CSA: C. 87, § 164. L. 47: P. 580, § 1. L. 53: P. 373, §§ 1, 2. CRS 53: § 72-6-1. L. 55: P. 459, § 1. L. 59: P. 509, § 1. C.R.S. 1963: § 72-6-1. L. 65: P. 766, § 1. L. 67: Pp. 164, 165, 174, 184, §§ 1-4, 1, 1. L. 73: P. 850, § 1. L. 77: (1)(f) amended, p. 520, § 1, effective May 14; entire section R&RE, p. 521, § 1, effective July 1. L. 79: (3) repealed, p. 393, § 1, effective May 25. L. 83: (1)(d) repealed, p. 463, § 2, effective March 16. L. 2010: (1) amended,(HB 10-1203), ch. 47, p. 177, § 1, effective March 29.    Editor's note:   Subsection (1)(f) was amended in House Bill 77-1232. Those amendments were superseded by the repeal and reenactment of the section in House Bill 77-1445.
CO Code § 10-7-203 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 2 - Group Life Insurance|§ 10-7-203. Employer Defined

 The term “employer” as used in sections 10-7-201 and 10-7-202 includes counties, cities, cities and counties, incorporated towns, school districts, and other political subdivisions of this state; and such subdivisions, in order to promote the better efficiency of its employees, may insure its employees, or any class thereof, under a policy of group insurance covering life, health, or accident insurance for such employees and may pay, or authorize to be paid, out of the corporate revenue of such political subdivisions the premiums required from time to time to maintain such group insurance in force; and, if such employees are required to contribute to the cost of their insurance, deductions for this purpose may be made from their salaries.   History. Source: L. 47: P. 587, § 3. CSA: C. 87, § 165 (1). CRS 53: § 72-6-3. C.R.S. 1963: § 72-6-3. History. Source: L. 47: P. 587, § 3. CSA: C. 87, § 165 (1). CRS 53: § 72-6-3. C.R.S. 1963: § 72-6-3.
CO Code § 10-7-204 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 2 - Group Life Insurance|§ 10-7-204. Reciprocal Provisions

 Policies of group insurance, when issued in this state by any company not organized under the laws of this state, may contain any provision required by the law of the state or territory or district of the United States under which the company is organized. Any group policy may be issued or delivered in this state which in the opinion of the commissioner contains provisions on any one or more of the several foregoing requirements more favorable to the employer or to the employee than required prior to April 4, 1919. Policies issued in other states or countries by companies organized in this state may contain any provision required by the laws of the state, territory, district, or country in which the same are issued, anything in this part 2 to the contrary notwithstanding.   History. Source: L. 19: P. 443, § 3. C.L. § 2596. CSA: C. 87, § 166. CRS 53: § 72-6-4. C.R.S. 1963: § 72-6-4. History. Source: L. 19: P. 443, § 3. C.L. § 2596. CSA: C. 87, § 166. CRS 53: § 72-6-4. C.R.S. 1963: § 72-6-4.
CO Code § 10-7-205 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 2 - Group Life Insurance|§ 10-7-205. Exemption From Execution

 No policy of group insurance, nor the proceeds thereof, when paid to any employee thereunder, shall be liable to attachment, garnishment, or other process, or be seized, taken, appropriated, or applied by any legal or equitable process or operation of law, to pay any debt or liability of such employee, or his beneficiary, or any other person who may have a right thereunder, either before or after payment, nor shall the proceeds thereof, where not made payable to a named beneficiary, constitute a part of the estate of the employee for the payment of his debts.   History. Source: L. 19: P. 443, § 4. C.L. § 2597. CSA: C. 87, § 167. CRS 53: § 72-6-5. C.R.S. 1963: § 72-6-5. History. Source: L. 19: P. 443, § 4. C.L. § 2597. CSA: C. 87, § 167. CRS 53: § 72-6-5. C.R.S. 1963: § 72-6-5.    Cross references:   For property and earnings exempt from execution, see article 54 of title 13.   ANNOTATION   A named beneficiary of a group life insurance policy is entitled to exempt the policy proceeds under this section. This section provides an exemption pursuant to which a named beneficiary may claim an exemption in the proceeds of a policy of group life insurance, as against the debts of the insured or of the beneficiary himself or herself. In re Fahey, 352 B.R. 288 (Bankr. D. Colo. 2006 ).
CO Code § 10-7-206 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 2 - Group Life Insurance|§ 10-7-206. Issuance and Valuation of Policies - Annual Statement

  Any life insurance company may issue life or endowment insurance, with or without annuities, upon the group plan, as defined in section 10-7-201, with special rates of premiums less than the usual rates of premiums for such policies. Group policies issued prior to the operative date of the “Standard Nonforfeiture and Valuation Act” may be valued on any accepted table of mortality and interest assumption adopted by the company for that purpose, but in no case shall the standard for any such policy be lower than the medico-actuarial table of mortality, or such other table of mortality as may be approved by the commissioner, with interest assumption at three and one-half percent. Group policies issued on or after the operative date of the “Standard Nonforfeiture and Valuation Act” shall be valued in accordance with the provisions of sections 10-7-309 to 10-7-313.    All policies of group insurance shall be segregated by the company into separate classes, the mortality experience kept separate, and the number of policies, amount of insurance, reserves, premiums, and payments to the policyholders thereunder, together with the mortality table and interest assumption adopted by the company, shall be reported separately in the company's annual financial statement.     History. Source: L. 19: P. 444, § 5. C.L. § 2598. CSA: C. 87, § 168. L. 45: P. 416, § 3. CRS 53: § 72-6-6. L. 61: P. 465, § 12. C.R.S. 1963: § 72-6-6. History. Source: L. 19: P. 444, § 5. C.L. § 2598. CSA: C. 87, § 168. L. 45: P. 416, § 3. CRS 53: § 72-6-6. L. 61: P. 465, § 12. C.R.S. 1963: § 72-6-6.    Cross references:   For the operative date of the “Standard Nonforfeiture and Valuation Act”, see § 10-7-315 .
CO Code § 10-7-207 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 2 - Group Life Insurance|§ 10-7-207. Assignment

 Nothing in this title or in any other law shall be construed to prohibit any person insured under a group life insurance policy from making an assignment of all or any part of his incidents of ownership under such policy, including, but not limited to, the privilege to have issued to him an individual policy of life insurance pursuant and subject to the provisions of section 10-7-202 and the right to name a beneficiary. Subject to the terms of the policy or agreement between the insured, the group policyholder, and the insurer, relating to assignment of incidents of ownership thereunder, such an assignment by an insured is valid for the purpose of vesting in the assignee, in accordance with any provisions included therein as to the time at which it is to be effective, all of such incidents of ownership so assigned, but without prejudice to the insurer on account of any payment it may make or individual policy it may issue prior to receipt of notice of the assignment.   History. Source: L. 71: P. 721, § 1. C.R.S. 1963: § 72-6-7. History. Source: L. 71: P. 721, § 1. C.R.S. 1963: § 72-6-7.
CO Code § 10-7-301 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 3 - Standard Nonforfeiture and Valuation Act|§ 10-7-301. Short Title

 This part 3 shall be known and may be cited as the “Standard Nonforfeiture and Valuation Act”.   History. Source: L. 61: P. 460, § 1. CRS 53: § 72-20-1. C.R.S. 1963: § 72-19-1. History. Source: L. 61: P. 460, § 1. CRS 53: § 72-20-1. C.R.S. 1963: § 72-19-1.
CO Code § 10-7-301.5 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 7 - Life Insurance|Part 3 - Standard Nonforfeiture and Valuation Act|§ 10-7-301.5. Definitions

 As used in this part 3, unless the context otherwise requires:    “Accident and health insurance” means contracts that incorporate morbidity risk and provide protection against economic loss resulting from accident, sickness, or medical conditions and as may be specified in the valuation manual.    “Appointed actuary” means a qualified actuary who is appointed in accordance with the valuation manual to prepare the actuarial opinion required in section 10-7-114 (2).    “Company” means an entity that:   Has written, issued, or reinsured life insurance, accident and health insurance, or deposit-type contracts in this state and has at least one such policy in force or on claim; or    Has written, issued, or reinsured life insurance, accident and health insurance, or deposit-type contracts in any state and is required to hold a certificate of authority to write life insurance, accident and health insurance, or deposit-type contracts in this state.       “Deposit-type contract” means a contract that does not incorporate mortality or morbidity risks and as may be specified in the valuation manual.    “Life insurance” means a contract that incorporates mortality risk, including annuity and pure endowment contracts and as may be specified in the valuation manual.    “NAIC” means the National Association of Insurance Commissioners.    “Operative date of the valuation manual” means the date described in section 10-7-313.3 (2).    “Policyholder behavior” means any action a policyholder, contract holder, or any other person with the right to elect options, such as a certificate holder, may take under a policy or contract subject to this part 3 including lapse, withdrawal, transfer, deposit, premium payment, loan, annuitization, or benefit elections prescribed by the policy or contract but excluding events of mortality or morbidity that result in benefits prescribed in their essential aspects by the terms of the policy or contract.    “Principle-based valuation” means a reserve valuation that uses one or more methods or one or more assumptions determined by the insurer and is required to comply with section 10-7-313.4 as specified in the valuation manual.    “Qualified actuary” means an individual who is qualified to sign the applicable statement of actuarial opinion in accordance with the American Academy of Actuaries qualification standards for actuaries signing such statements and who meets the requirements specified in the valuation manual.    “Tail risk” means a risk that occurs either when the frequency of low probability events is higher than expected under a normal probability distribution or when there are observed events of very significant size or magnitude.    “Valuation manual” means the manual of valuation instructions adopted by the NAIC as specified in this part 3 or as subsequently amended.     History. Source: L. 2015: Entire section added,(HB 15-1048), ch. 63, p. 157, § 3, effective August 5.