# C.R.S. § 10-7-710: 10-7-710. Legitimate insurance transactions

> Colorado · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A7_P7_S10-7-710

## Section

- **Citation:** C.R.S. § 10-7-710
- **Heading:** 10-7-710. Legitimate insurance transactions
- **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 10-7-710

## Text

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.

## 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_S10-7-710. Check the current official text before relying on it. Not legal advice.