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

211 a) An Individual Retirement Annuity as described in Section 408(b) of the Internal Revenue Code of 1986; or b) A deemed Individual Retirement Account under a qualified employer plan described in Section 408(q) of the Internal Revenue Code of 1986; or 2) The annuity is purchased with proceeds from one of the following: a) An Individual Retirement Account as described in Section 408(a) of the Internal Revenue Code of 1986; or b) An account established by an employer or association of employers as described in Section 408(c) of the Internal Revenue Code of 1986; or c) A simple retirement account as described in Section 408(p) of the Internal Revenue Code of 1986; or d) A simplified employee pension plan as described in Section 408(k) of the Internal Revenue Code of 1986; or e) A Roth IRA as described in Section 408A of the Internal Revenue Code of 1986; or 3) The annuity meets all of the following requirements: a) The annuity is irrevocable and non-assignable; and b) The annuity is actuarially sound based on the life expectancy tables described at 8.100.7.J.; and c) The annuity provides for payments in equal amounts during the term of the annuity with no deferral and no balloon payments made.