Under Colorado's insurable interest provisions (C.R.S. § 10-7-701 through 710), at what point must an insurable interest exist in a life insurance policy?

Why A is correct

Under C.R.S. § 10-7-701 through 710, an insurable interest in a life insurance policy must exist at the time the policy is issued. Once that requirement is satisfied at issuance, the policy remains valid even if the beneficiary's interest later changes; the issue-time test distinguishes lawful insurance from a wager on another person's life.

Why the other options are wrong

• B) Requiring insurable interest at death is not the Colorado life rule; the statute fixes the requirement at the time the policy is issued.
• C) Policy anniversaries have no bearing on insurable interest; the requirement attaches when the contract is issued.
• D) A claim submission is far too late; by then the policy has long been issued and the insurable interest question was already settled.

Memory hook

Interest at issue — that's the Colorado test.