How Do I Get an Insurance License in Colorado?

The first step in getting your insurance license is determining what type of insurance agent you want to be, or what types of policies you need to sell. That will help you figure out what type, or types, of insurance licenses you need to get. Then, it’s time to begin studying. After completing all of your pre-license coursework or self-study you’ll need to take your insurance exam. You’ll take one exam for each line of insurance you wish to carry. In Colorado, Life, Accident, & Health (LA&H) and Property & Casualty (P&C) are a total of four lines. Pearson Vue in Colorado offers these four exams in two “back to back” exams, so you will essentially take four tests, but if you pass them on your first try, you will only have to sit for exams twice. This option does not shorten the exams, but it does allow you to save the fee for one exam sitting. Once you have completed your exams, you are now ready to apply for your license. If you have more than one line of authority that you have passed the exam for, be sure to apply for all of those lines. Once you have submitted your application and have filled all the other requirements, your license application will be reviewed by the state. Your background check will also be reviewed.

How Do I Get a State Adjuster License in Colorado?

The State of Colorado does not offer a Resident Insurance Adjuster License and does not require a license to practice insurance claims adjusting within the state.

How do I renew my insurance license in Colorado?

The State of Colorado requires that resident individual licensees complete twenty-four (24) credit hours of continuing education every two year renewal period. Three (3) of those hours must be in the subject of ethics, eighteen (18) in major lines and three (3) in miscellaneous coursework. Credits cannot include the same course taken repeatedly in one reporting period. If you have a producer license in more than one line of authority (ex. Property & Casualty and Life & Health), you don’t need to complete double the hours. You may take your continuing education courses either in person in a classroom setting or online as a self-paced course. The online courses usually require a reading, then a test at the end. When you complete these courses, the company where you took the course should send the certificate of completion directly to the state. You should still print a copy of this certificate to keep in your records just in case there is a dispute later. After you have completed your continuing education and you are within 90 days of your license expiration, you may renew your Colorado insurance license online. AgentSync can also help with the renewal process. There is a fee of $29 per line of authority to renew your license. Once this process is complete, your license will be renewed and your new expiration date will be two years from your previous expiration date.

How do I renew my non-resident insurance license in Colorado?

Unlike resident producers, non-resident licensees who comply with the continued education (CE) requirements of their resident state are exempt from taking additional Colorado CE. Additionally, all non-residents who satisfy the Annuity training requirements of another state that are similar to Colorado’s law will be deemed compliant for Colorado’s requirement. You may renew your non-resident insurance license online. There is a fee of $29 per line of authority to renew your license. AgentSync can also help with the renewal process.

How Do I renew My Non-Resident Adjuster License in Colorado?

Colorado continues a non-resident adjuster license to individuals for two (2) years. Licenses expire based upon the last day of birth month biennially – Colorado offers no grace period. Reinstatements of license are considered a new application and will need to be processed through NIPRs Non-Resident Adjuster License application. Non-residents should re-verify their lines of authority with this resident state prior to submitting an application for non-resident license with Colorado. There is a $43.00 fee to renew your Colorado Non-Resident Adjuster license. You can renew your Colorado license through NIPR. For more information, contact the Colorado Department of Regulatory Agencies – Division of Insurance.

How Do I Renew My Adjuster License In Colorado?

Colorado is one of 16 states that do not license insurance adjusters. This means you can legally adjust claims in your state without a license, but only in said state. To adjust in the state of Colorado, you will need to obtain a Designated Home State (DHS) license. You will go through that state’s (Colorado or otherwise) licensing process, testing, and compliance regulations and their license will act as your resident, or home state license. If you’re looking to become an insurance adjuster in a non-licensing state like Colorado, the Florida 70-20 DHS License is the next best thing for the following reasons: <ul> <li>The state offers the quickest turnaround time after you submit your documents.</li> <li>The Florida 70-20 license is reciprocal with most states.</li> <li>A Florida DHS license is good for 4 years.</li> </ul> This is not to say this is the only way to obtain a DHS license, it is simply the easiest. Many of the licensing states offer DHS licenses. So be sure to do additional research to find the best fit. For more information, contact the Colorado Department of Insurance.

Colorado Insurance Licensing & Regulatory Compliance Updates

Appointments & Terminations

Required to report appointments?

No, Registry

Permits Just-in-time (JIT) appointments?

No

Initial appointment deadlines

Prior to solicitation of business (bail bonds)

Initial appointment deadline rule

Bail bonds appointments must be submitted prior to the solicitation of business

Can be processed via nipr?

No

Fees for appointing a non resident agency or individual?

$0

Appointment effective date can be specified?

Yes

Appointment effective date rule

Required and is the date supplied on transaction.

State requires appointment renewal?

No, perpetual

Appointment Terminated if license expires?

Yes

Termination reasons

Registry State - Cancelled; cancelled for cause

Termination date can be specified by carrier?

No

Termination Effective date rule

Required and is the date supplied on transaction. Must not be in the future

Licensing

Initial individual new license fee

Resident New License Insurance Producer: $47 (per LOA except surplus) Resident New License Insurance Producer: $144 (Surplus) Non Resident New License Insurance Producer: $71 (per LOA except surplus) Non Resident New License Insurance Producer: $294 (Surplus)

License renewal fee

Resident Renewal Insurance Producer: $27 Resident Renewal Insurance Producer: $134 Non Resident Renewal Insurance Producer: $43 Non Resident Renewal Insurance Producer: $284

When does the resident individual producer license renewal period begin?

90 days before expiration

What is the resident individual producer license renewal date?

Last day of birth month every 2 years based on year of first state license issue

When does the nonresident individual producer license renewal period begin?

90 days before expiration

What is the nonresident individual producer license renewal date?

Last day of birth month every 2 years based on year of first state license issue

Can a producer use a P.O. Box in their resident or business address?

For individual's business address only

Are individuals required to list their county as part of the address?

No

What addresses are required for individual license maintenance?

Residence, Business, and Mailing

State individual licenses include

Temporary Resident Producer, Non-Resident Reinsurance Intermediary, Casualty, Life, Insurance Producer, Resident Public Adjuster, Non-Resident Public Adjuster, Multiple Line, Resident Producer, Resident Bail Registration, Resident Reinsurance Intermediary

Appointment Terminated if license expires?

Yes

State broker license rule

Included in Producer License Class. Insurers are not required to appoint Brokers per NAIC PLMA

Requires pre licensing courses?

Yes

Study method requirements

Classroom / monitored self study

Submission of completion certificate rule

After completing the pre-licensing training, the pre-licensing provider will report training completion information to Pearson VUE, however, the applicant must provide the training school code at the time of making their Pearson VUE licensing examination reservation.

How long is the pre licensing certification valid?

The certificate of course completion is valid for 1 year from course completion or passing the self-study examination. If the year expires before the student passes the license examination or applies for a license, the student must complete another pre-licensing course to be eligible for the examination.

Exemptions to pre licensing requirements

An applicant is exempt from pre-licensing education requirements if the applicant: a. was previously licensed for the same line of authority in a reciprocal state; b. certifies knowledge of Colorado law applicable to producers in a Division-approved form; and c. either: I. is currently licensed in good standing in the other state; or II. submits an application to be received within 90 days of the cancellation of the applicant's previous home state license and the producer's license was in good standing at the time of cancellation.

Agency

Can a sole proprietor be licensed as an entity?

No

DRLP must have active state license

No

DRLPs must cumulatively cover all LOAs in application

No

Agency Licensing renewals

90 days prior to expiration date until license expiration date.

Agency License required?

Yes

Branch office

Main license meets requirements

Adjuster

Requires adjuster license?

Only Public Adjusters

Offers designated home state?

No

DHS exam required?

N/A

Reciprocity states

None

Independent adjuster renewal date

Biennially on the last day of the individual's birth month.

Continuing Education

Total hours per renewal period

24

Renewal period

2 years

CE due before license renewal date?

Yes

License renewal date is

Last day of birth month

License renewal year based on...

Year of first license issuance

When is the CE due?

Prior to license expiration.

How long before expiration does state send CE reminder?

90 days prior to month of birth

Exemptions to CE

Limited lines or restricted licenses for travel insurance, title, credit insurance, and crop hail aren't required to complete a full 24 hours.

What if a producer missed the renewal date?

You must reapply as a new producer.

Ethics requirements

3

Flood-specific CE requirements

3 hours of NFIP course

LTC-specific CE requirements

8-hour initial certification, with 4 hours of LTC-specific training each renewal cycle thereafter

Annuity-specific CE requirements

One-time, 4-hour course

For more from agentsync

https://agentsync.io/blog/individual-producers/insurance-continuing-education-colorado

Regulatory Updates

Colorado Updates Licensing Fees

Effective Nov. 3rd, 2022, Colorado will adjust their licensing fees to remain in compliance with statutory requirements.

Colorado Releases Stance on Overturning of Roe v. Wade

Colorado releases an announcement that notes that they believe "Reproductive health care is an important part of the health care services" and notes that the Reproductive Health Equity Act signed on April 4, 2022, codifies the legal right to abortion services in Colorado.

Colorado Moves Public Hearing to Online

Colorado has moved their public hearing for Amended 4-1-11 Concerning Best Interest Obligations and Supervision in Annuity Transactions set for July 1, 2022 to online due to spreading Covid concerns.

Colorado to Remove Line of Authority: Attorney Title

Effective today, Colorado is removing the Attorney Title line of authority. This offering is available for Resident and Non Resident license applications.

Colorado Releases an Update Related to the Middle Fork Fires

The bulletin informs insurance carriers and affected consumers of the Division of Insurances' position concerning the communication of certain coverage limits for the policy holders that files a claim in response to the fires.

FAQs

How Do I Get an Insurance License in Colorado?

The first step in getting your insurance license is determining what type of insurance agent you want to be, or what types of policies you need to sell. That will help you figure out what type, or types, of insurance licenses you need to get. Then, it’s time to begin studying. After completing all of your pre-license coursework or self-study you’ll need to take your insurance exam. You’ll take one exam for each line of insurance you wish to carry.

In Colorado, Life, Accident, & Health (LA&H) and Property & Casualty (P&C) are a total of four lines. Pearson Vue in Colorado offers these four exams in two “back to back” exams, so you will essentially take four tests, but if you pass them on your first try, you will only have to sit for exams twice. This option does not shorten the exams, but it does allow you to save the fee for one exam sitting.

Once you have completed your exams, you are now ready to apply for your license. If you have more than one line of authority that you have passed the exam for, be sure to apply for all of those lines. Once you have submitted your application and have filled all the other requirements, your license application will be reviewed by the state. Your background check will also be reviewed.
How Do I Get a State Adjuster License in Colorado?
How do I renew my insurance license in Colorado?

The State of Colorado requires that resident individual licensees complete twenty-four (24) credit hours of continuing education every two year renewal period. Three (3) of those hours must be in the subject of ethics, eighteen (18) in major lines and three (3) in miscellaneous coursework. Credits cannot include the same course taken repeatedly in one reporting period.

If you have a producer license in more than one line of authority (ex. Property & Casualty and Life & Health), you don’t need to complete double the hours.

You may take your continuing education courses either in person in a classroom setting or online as a self-paced course. The online courses usually require a reading, then a test at the end. When you complete these courses, the company where you took the course should send the certificate of completion directly to the state. You should still print a copy of this certificate to keep in your records just in case there is a dispute later.

After you have completed your continuing education and you are within 90 days of your license expiration, you may renew your Colorado insurance license online. AgentSync can also help with the renewal process.

There is a fee of $29 per line of authority to renew your license.

Once this process is complete, your license will be renewed and your new expiration date will be two years from your previous expiration date.
How do I renew my non-resident insurance license in Colorado?

Unlike resident producers, non-resident licensees who comply with the continued education (CE) requirements of their resident state are exempt from taking additional Colorado CE.

Additionally, all non-residents who satisfy the Annuity training requirements of another state that are similar to Colorado’s law will be deemed compliant for Colorado’s requirement.

You may renew your non-resident insurance license online. There is a fee of $29 per line of authority to renew your license. AgentSync can also help with the renewal process.
How Do I renew My Non-Resident Adjuster License in Colorado?

Colorado continues a non-resident adjuster license to individuals for two (2) years. Licenses expire based upon the last day of birth month biennially – Colorado offers no grace period. Reinstatements of license are considered a new application and will need to be processed through NIPRs Non-Resident Adjuster License application.

Non-residents should re-verify their lines of authority with this resident state prior to submitting an application for non-resident license with Colorado.

There is a $43.00 fee to renew your Colorado Non-Resident Adjuster license. You can renew your Colorado license through NIPR.

For more information, contact the Colorado Department of Regulatory Agencies – Division of Insurance.
How Do I Renew My Adjuster License In Colorado?
Colorado is one of 16 states that do not license insurance adjusters. This means you can legally adjust claims in your state without a license, but only in said state.

To adjust in the state of Colorado, you will need to obtain a Designated Home State (DHS) license. You will go through that state’s (Colorado or otherwise) licensing process, testing, and compliance regulations and their license will act as your resident, or home state license.

If you’re looking to become an insurance adjuster in a non-licensing state like Colorado, the Florida 70-20 DHS License is the next best thing for the following reasons:
- The state offers the quickest turnaround time after you submit your documents.
- The Florida 70-20 license is reciprocal with most states.
- A Florida DHS license is good for 4 years.
This is not to say this is the only way to obtain a DHS license, it is simply the easiest. Many of the licensing states offer DHS licenses. So be sure to do additional research to find the best fit.

For more information, contact the Colorado Department of Insurance.

Colorado