Page 203

CODE OF COLORADO REGULATIONS 10 CCR 2505-10 8.100 Medical Services Board

203 b. If a life estate was established on property held by spouses in joint tenancy, then the age of the youngest individual shall be used to calculate the value of the remainder interest. 5. Life Estate Table This rule incorporates by reference the Social Security life estate and remainder interest table effective April 1999 to the present. The incorporation of the table excludes later amendments, or editions of, the referenced material. The Social Security life estate and remainder interest tables are available at http://policy.ssa.gov/poms.nsf/lnx/0501140120 Pursuant to § 24-4-103 (12.5), C.R.S., the Department maintains copies of the incorporated text in its entirety, available for public inspection during regular business hours at: Colorado Department of Health Care Policy and Financing, 1570 Grant Street, Denver, CO 80203. Certified copies of incorporated materials are provided at cost upon request. 8.100.7.I. Annuities 1. DEFINITIONS a. “Annuity” means a contract between an individual and a commercial company in which the individual invests funds and in return receives installments for life or for a specified number of years. b. “Annuitant” means an individual who is entitled to receive payments from an annuity. c. “Annuitization Period” means the period of time during which an annuity makes payments to an annuitant. d. “Annuitized” means an annuity that has become irrevocable and is making payments to an annuitant. e. “Assignable” means an annuity that can have its owner and/or annuitant changed.

loading…

Page 203

Official source

CODE OF COLORADO REGULATIONS 10 CCR 2505-10 8.100 Medical Services Board

203 b. If a life estate was established on property held by spouses in joint tenancy, then the age of the youngest individual shall be used to calculate the value of the remainder interest. 5. Life Estate Table This rule incorporates by reference the Social Security life estate and remainder interest table effective April 1999 to the present. The incorporation of the table excludes later amendments, or editions of, the referenced material. The Social Security life estate and remainder interest tables are available at http://policy.ssa.gov/poms.nsf/lnx/0501140120 Pursuant to § 24-4-103 (12.5), C.R.S., the Department maintains copies of the incorporated text in its entirety, available for public inspection during regular business hours at: Colorado Department of Health Care Policy and Financing, 1570 Grant Street, Denver, CO 80203. Certified copies of incorporated materials are provided at cost upon request. 8.100.7.I. Annuities 1. DEFINITIONS a. “Annuity” means a contract between an individual and a commercial company in which the individual invests funds and in return receives installments for life or for a specified number of years. b. “Annuitant” means an individual who is entitled to receive payments from an annuity. c. “Annuitization Period” means the period of time during which an annuity makes payments to an annuitant. d. “Annuitized” means an annuity that has become irrevocable and is making payments to an annuitant. e. “Assignable” means an annuity that can have its owner and/or annuitant changed.