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District Court Rules Colorado Law Turns Group Life Insurance Policy's Two-Year Suicide Exclusion into a One-Year Exclusion
Michelle L. Roberts via LinkedIn
Mar. 11, 2020 "Colorado Revised Statute Section 10-7-109 nullifies suicide exclusions longer than one year in life insurance policies. MetLife argued the statute applied to individual policies, but not group policies. The court rejected this argument because the Supreme Court of Colorado had recognized the longstanding public policy in Colorado that disfavored suicide exclusions and had applied the statute to group credit life insurance -- a different, but similar type of group insurance." [Auwae v. Metropolitan Life Ins. Co., No. 19-2504 (D. Colo. Mar. 2, 2020)] MORE >> |
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