Insured's own life

C.R.S. § 10-7-705
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
10-7-705. Insured's own life. An individual has an insurable interest in the individual's own life, and an individual of competent legal capacity who procures or effects a policy on the individual's own life may designate any person as the beneficiary and, unless the individual elects an irrevocable beneficiary designation, change the beneficiary at any time thereafter.
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#10-7-705Fetched: 10/6/2026

Starting a business in Colorado? Colorado LLC guide: costs and requirements