State RegulationsCO specificDifficulty 3/5
Which of the following is OUTSIDE the scope of C.R.S. § 10-7-109's rule that suicide after the first policy year is not a defense to payment?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
C.R.S. § 10-7-109 governs suicide as a defense to payment of life insurance proceeds, but it expressly excludes accident-only policies and accidental-death provisions. Those cover death by accidental means, so the statute's first-policy-year rule simply does not govern them, while the individual life policies in the other choices fall squarely within its scope.
Why the other options are wrong
- A) An individual whole life claim for suicide more than one year after issue is squarely governed by the rule that suicide is no defense.
- B) An individual term policy is ordinary life coverage, so the first-policy-year rule of C.R.S. § 10-7-109 applies to it.
- C) A universal life policy is an individual life policy, and its death benefit after the first policy year is covered by the statute's rule.
Memory hook
Accidental-death money is a different rulebook.