Colorado
Michael Conway
Colorado Department of Regulatory Agencies
Appointments & Terminations
No, Registry
No
Prior to solicitation of business (bail bonds)
Bail bonds appointments must be submitted prior to the solicitation of business
No
$0
Yes
Required and is the date supplied on transaction.
No, perpetual
Yes
Registry State - Cancelled; cancelled for cause
Yes
Required and is the date supplied on transaction. Must not be in the future
Licensing
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)
Resident Renewal Insurance Producer: $27 Resident Renewal Insurance Producer: $134 Non Resident Renewal Insurance Producer: $43 Non Resident Renewal Insurance Producer: $284
90 days before expiration
Last day of birth month every 2 years based on year of first state license issue
90 days before expiration
Last day of birth month every 2 years based on year of first state license issue
For individual's business address only
No
Residence, Business, and Mailing
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
Yes
Included in Producer License Class. Insurers are not required to appoint Brokers per NAIC PLMA
Yes
Classroom / monitored self study
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.
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.
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
No
No
No
90 days prior to expiration date until license expiration date.
Yes
Main license meets requirements
Adjuster
Only Public Adjusters
No
N/A
None
Biennially on the last day of the individual's birth month.
Continuing Education
24
2 years
Yes
Last day of birth month
Year of first license issuance
Prior to license expiration.
90 days prior to month of birth
Limited lines or restricted licenses for travel insurance, title, credit insurance, and crop hail aren't required to complete a full 24 hours.
You must reapply as a new producer.
3
3 hours of NFIP course
8-hour initial certification, with 4 hours of LTC-specific training each renewal cycle thereafter
One-time, 4-hour course
https://agentsync.io/blog/individual-producers/insurance-continuing-education-colorado
Regulatory Updates
Colorado to Remove NUQs Regarding Legal Presence
Effective July 14th, 2023 Colorado Resident and Resident renewal applicants do not have to answer questions or submit documents regarding legal presence in the United States of America.
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
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How Do I Get an Insurance License in Colorado?
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How Do I Get a State Adjuster License in Colorado?
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How do I renew my insurance license in Colorado?
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How do I renew my non-resident insurance license in Colorado?
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How Do I renew My Non-Resident Adjuster License in Colorado?
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How Do I Renew My Adjuster License In Colorado?