Colorado Producer Licensing Model Act

Colorado · Insurance · §§ 10-2-1002 to 10-2-912 · 69 sections

Overview

This act governs the licensing and regulation of insurance producers, along with related roles such as agencies, public insurance adjusters, and bail bonding agents. It establishes the qualifications for obtaining a license — prelicensure education, a written examination (with defined exemptions), an application process, and residency and fee requirements — and provides for temporary, duplicate, and additional lines of authority, continuing education, and reciprocal recognition of licenses issued to nonresidents. It further sets out the appointment and termination of producers by insurers, recordkeeping and notification duties owed to the state insurance commissioner, and the commissioner's authority to examine, make rules, and impose penalties.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

C.R.S. § 10-2-1002Definitions
C.R.S. § 10-2-1003Licensure
C.R.S. § 10-2-1004Required contract provisions
C.R.S. § 10-2-1005Duties of insurers
C.R.S. § 10-2-1006Examination authority
C.R.S. § 10-2-1007Penalties and liabilities
C.R.S. § 10-2-1008Rules and regulations
C.R.S. § 10-2-101Short title
C.R.S. § 10-2-102Scope
C.R.S. § 10-2-103Definitions
C.R.S. § 10-2-104Authority of commissioner
C.R.S. § 10-2-105Insurance producer
C.R.S. § 10-2-1101Effective date
C.R.S. § 10-2-201Prelicensure education
C.R.S. § 10-2-202Exemption from prelicensure education requirements
C.R.S. § 10-2-203Course certification, registration, and review by commissioner
C.R.S. § 10-2-301Continuing education requirement
C.R.S. § 10-2-401License required
C.R.S. § 10-2-402License examination requirement
C.R.S. § 10-2-403Exemption from license examination
C.R.S. § 10-2-404Application for license
C.R.S. § 10-2-405Residency
C.R.S. § 10-2-406Licensing of agencies
C.R.S. § 10-2-407License
C.R.S. § 10-2-408License
C.R.S. § 10-2-409License
C.R.S. § 10-2-410Temporary licensing
C.R.S. § 10-2-411Duplicate license
C.R.S. § 10-2-412Change of address
C.R.S. § 10-2-413Fees
C.R.S. § 10-2-414Additional lines of authority
C.R.S. § 10-2-414.5Travel insurance
C.R.S. § 10-2-415.5Appointment of insurance producer
C.R.S. § 10-2-415.7Termination of insurance producer bail bonding agent
C.R.S. § 10-2-416Notification to the commissioner of termination
C.R.S. § 10-2-416.5Required availability to commissioner of list of producer appointees for enforcement purposes
C.R.S. § 10-2-417Public insurance adjusters
C.R.S. § 10-2-418Bail bonding authority
C.R.S. § 10-2-501Reciprocity
C.R.S. § 10-2-502Nonresident licensing
C.R.S. § 10-2-503Commissioner as agent for service of process
C.R.S. § 10-2-601Financial institutions may sell insurance
C.R.S. § 10-2-602Sale of annuities and insurance by financial institutions
C.R.S. § 10-2-603Bank sale of annuities
C.R.S. § 10-2-604Disclosures
C.R.S. § 10-2-605Misleading advertising
C.R.S. § 10-2-606Discrimination against affiliated agents
C.R.S. § 10-2-607Location of sales
C.R.S. § 10-2-701Assumed names
C.R.S. § 10-2-702Commissions
C.R.S. § 10-2-704Fiduciary responsibilities
C.R.S. § 10-2-705Bail bond documents
C.R.S. § 10-2-706Insurance producer designee
C.R.S. § 10-2-707Business practices
C.R.S. § 10-2-801Licenses
C.R.S. § 10-2-802Surrender of license
C.R.S. § 10-2-803Notice of penalty, suspension, termination, revocation, or denial
C.R.S. § 10-2-804Investigation by commissioner
C.R.S. § 10-2-902Definitions
C.R.S. § 10-2-903Licensure
C.R.S. § 10-2-904Required contract provisions
C.R.S. § 10-2-905Books and records
C.R.S. § 10-2-906Duties of insurers utilizing the services of a reinsurance intermediary-producer
C.R.S. § 10-2-907Required contract provisions
C.R.S. § 10-2-908Prohibited acts
C.R.S. § 10-2-909Duties of reinsurers utilizing the services of a reinsurance intermediary-manager
C.R.S. § 10-2-910Examination authority
C.R.S. § 10-2-911Penalties and liabilities
C.R.S. § 10-2-912Rules and regulations

Enacted in other states

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