Legitimate insurance transactions

C.R.S. § 10-7-710
in effect
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10-7-710. Legitimate insurance transactions. (1) Except where a life insurance policy is procured or effected in violation of section 10-7-708, nothing in this article prevents: (a) An owner of a policy, whether or not the owner of the policy is also the subject of the insurance, from entering into a viatical settlement contract; (b) Any person from soliciting a person to enter into a viatical settlement contract; or (c) An owner or beneficiary from enforcing the payment of all benefits and proceeds of the policy obtained under a viatical settlement contract.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-10.docx#10-7-710Fetched: 10/6/2026

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