LegalFix
Sign In

§ 10-4-104. Competency of minor to contract for insurance - nonavoidance

CO Rev Stat § 10-4-104 (2018) (N/A)
Copy with citation
Copy as parenthetical citation

Any minor of the age of sixteen years or over may, notwithstanding his minority, contract for insurance upon his own property or liabilities. Such a minor shall, notwithstanding such minority, be deemed competent to exercise all rights and powers with respect to or under any such contract as might be exercised by a person of full legal age and may at any time surrender his interest in any such contracts and give valid discharge for any benefits accruing or money payable thereunder. Such a minor shall not, by reason of his minority, be entitled to rescind, avoid, or repudiate the contract nor to rescind, avoid, or repudiate any exercise of a right or privilege thereunder.

Previous Section
§ 10-4-103. Voluntary partial payment of liability claims without admission of liability
Next Section
§ 10-4-105. Valuation of bonds and policies other than life