# C.R.S. § 10-7-706: 10-7-706. Reliance on statements

> Colorado · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A7_P7_S10-7-706

## Section

- **Citation:** C.R.S. § 10-7-706
- **Heading:** 10-7-706. Reliance on statements
- **Jurisdiction:** Colorado
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** CO Code / Title 10 / Article 7 / Part 7 / Section 10-7-706

## Text

10-7-706. Reliance on statements. An insurer is entitled to rely upon all reasonable statements, declarations, and representations made by an applicant for life insurance relative to the existence of an insurable interest. No insurer incurs legal liability, except as set forth in the policy, by virtue of untrue statements, declarations, or representations relied upon in good faith by the insurer.

## Nearby sections

- [C.R.S. § 10-7-701 10-7-701. Short title](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A7_P7_S10-7-701.md)
- [C.R.S. § 10-7-702 10-7-702. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A7_P7_S10-7-702.md)
- [C.R.S. § 10-7-703 10-7-703. Insurance on the life of another](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A7_P7_S10-7-703.md)
- [C.R.S. § 10-7-704 10-7-704. Insurable interest](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A7_P7_S10-7-704.md)
- [C.R.S. § 10-7-705 10-7-705. Insured's own life](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A7_P7_S10-7-705.md)
- [C.R.S. § 10-7-706 10-7-706. Reliance on statements](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A7_P7_S10-7-706.md)
- [C.R.S. § 10-7-707 10-7-707. Consent of insured](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A7_P7_S10-7-707.md)
- [C.R.S. § 10-7-708 10-7-708. Prohibited practices](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A7_P7_S10-7-708.md)
- [C.R.S. § 10-7-709 10-7-709. Actions to recover death benefits](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A7_P7_S10-7-709.md)
- [C.R.S. § 10-7-710 10-7-710. Legitimate insurance transactions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A7_P7_S10-7-710.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A7_P7_S10-7-706. Check the current official text before relying on it. Not legal advice.