Amica Life Insurance Company v. Wertz

Citations

• 462 P.3d 51
• 2020 CO 29

Syllabus

This case required the Supreme Court to answer the following certified question from the Tenth Circuit Court of Appeals: May the Colorado General Assembly delegate power to an interstate administrative commission to approve insurance policies sold in Colorado under a standard that differs from Colorado statute? Answering the certified question narrowly, the Court concluded that the General Assembly did not have the authority to delegate to the Interstate Insurance Product Regulation Commission the power to issue a standard authorizing the sale of life insurance policies in Colorado containing a two-year suicide exclusion when a Colorado statute prohibits insurers doing business in Colorado from asserting suicide as a defense against payment on a life insurance policy after the first year of that policy.