§ 10-7-703. Insurance on the life of another

CO Rev Stat § 10-7-703 (2018) (N/A)
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A person shall not procure or cause to be procured or effected a policy upon the life of another individual unless the benefits under the policy are payable to the insured, to the personal representative of the insured's estate, or to a person having, at the time the policy is issued, an insurable interest in the individual insured.