Title 10, Insurance
0 chapters · 1,354 sections in this title.
Colo. Rev. Stat. § 10-2-404 Application for license
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(1) An applicant for a resident insurance producer license shall make application on a form specified by the commissioner and shall declare under penalty of refusal, suspension, or revocation of the license that the statements made in the application are true, correct, and comple…
Colo. Rev. Stat. § 10-2-405 Residency - individuals - agencies
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(1) The commissioner may qualify an applicant as a resident of this state and shall issue an insurance producer license to any qualified resident person of this state in accordance with the following: (a) An individual applicant may qualify as a resident only if he or she resides…
Colo. Rev. Stat. § 10-2-406 Licensing of agencies
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(1) For the purposes set forth in section 10-2-701, an insurance agency or business entity shall be licensed as an insurance producer. (2) (a) The insurance agency or business entity shall register the name of every natural person who, as a member, officer, director, stockholder,…
Colo. Rev. Stat. § 10-2-407 License - definitions of lines of insurance - authority
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(1) Unless a person is denied licensure pursuant to section 10-2-801, the division shall issue to a person who has met the requirements of sections 10-2-401 and 10-2-404 an insurance producer license. An insurance producer may receive qualification for a single license to include…
Colo. Rev. Stat. § 10-2-408 License - contents - continuation due date
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(1) The commissioner shall issue a perpetual insurance producer license to an applicant who has met the requirements of section 10-2-404. (2) The license shall state the name, address, and personal identification number of the licensee, the date of issuance, general conditions re…
Colo. Rev. Stat. § 10-2-409 License - amendment - reissuance
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(1) An insurance producer licensee shall promptly notify the commissioner, on a form prescribed by the commissioner, of any change that will require amending a license to reflect that change, including without limitation a legal change of the licensee's name, a change of address,…
Colo. Rev. Stat. § 10-2-410 Temporary licensing
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(1) The commissioner may issue a temporary license to an individual to act as an insurance producer for a period not to exceed one hundred eighty days, without requiring an examination, if the commissioner deems that such temporary license authority is necessary for the servicing…
Colo. Rev. Stat. § 10-2-411 Duplicate license
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The commissioner may issue a duplicate license to any actively licensed insurance producer if such producer's license is lost, stolen, or destroyed upon an affidavit by the producer in a form prescribed and furnished by the commissioner concerning the facts of such loss, theft, o…
Colo. Rev. Stat. § 10-2-412 Change of address - notification
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(1) Individual and insurance agency producer licensees shall inform the commissioner in writing, in a form prescribed by the commissioner, of any change of address within thirty days after the change. (2) Failure of any licensee to inform the commissioner of any change to the lic…
Colo. Rev. Stat. § 10-2-413 Fees
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(1) The commissioner shall, by rule, set reasonable fees and penalties for the following: (a) Insurance producer license; and (b) Continuation of license. (2) All fees payable to the commissioner pursuant to this section shall be nonrefundable. Fees shall be set at the levels nec…
Colo. Rev. Stat. § 10-2-414 Additional lines of authority - application for license
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An insurance producer licensee requesting licensure for any additional line or lines of authority shall comply with the requirements of section 10-2-404. Upon receipt of the application filing, any supporting documents as required by section 10-2-404, and the applicable fee, the …
Colo. Rev. Stat. § 10-2-414.5 Travel insurance - limited lines license - travel insurance producers - definitions - rules
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(1) As used in this section: (a) “Limited lines travel insurance producer” means: (I) A licensed insurance producer, including a limited line producer, who is designated by an insurer as the travel insurance supervising entity; or (II) A travel administrator, as defined in sectio…
Colo. Rev. Stat. § 10-2-415 Appointment of insurance producer by insurer - continuation - exceptions. (Repealed)
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C.R.S. 10-2-415Statutes current through Chapter 65 of the 2026 Regular Session, effective as of April 20, 2026. The text of this section is not final. It will not be final until compared to, and updated from, the text provided by the Colorado Office of Legislative Legal Services …
Colo. Rev. Stat. § 10-2-415.5 Appointment of insurance producer - continuation - renewal - exceptions
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(1) No insurance producer shall claim to be a representative or authorized or appointed agent of, or use any other term implying a contractual relationship with, a particular bail insurance company or accept applications on behalf of the bail insurance company unless the insuranc…
Colo. Rev. Stat. § 10-2-415.6 Bail bond reports required - repeal. (Repealed)
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Source: L. 2012: Entire section added, (HB 12-1266), ch. 280, p. 1496, � 11, effective July 1. Editor's note: Subsection (4) provided for the repeal of this section, effective July 1, 2015. (See L. 2012, p. 1496.) 10-2-415.7. Termination of insurance producer bail bonding agent -…
Colo. Rev. Stat. § 10-2-415.7 Termination of insurance producer bail bonding agent - notice - penalty
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(1) Upon the termination of the appointment of an insurance producer bail bonding agent, the insurer shall, within fifteen days, notify the commissioner and the appointee of such termination by certified mail. (2) If the termination of an agent’s appointment is for any of the cau…
Colo. Rev. Stat. § 10-2-416 Notification to the commissioner of termination
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(1) Termination for cause. An insurer or authorized representative of the insurer that terminates employment, a contract, or other insurance business relationship with a producer shall notify the commissioner within thirty days following the effective date of the termination, usi…
Colo. Rev. Stat. § 10-2-416.5 Required availability to commissioner of list of producer appointees for enforcement purposes
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Each insurer shall maintain a current list of producers contractually authorized to accept applications on behalf of the insurer. Each insurer shall make such list available to the commissioner upon reasonable request for purposes of conducting investigations and enforcing the pr…
Colo. Rev. Stat. § 10-2-417 Public insurance adjusters - license required - financial responsibility - standards of conduct - rules
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(1) (a) A person shall not act or hold himself or herself out as a public adjuster in this state unless the person is licensed as a public adjuster in accordance with this article. No person who, on or before January 1, 2014, holds a license as a public adjuster previously issued…
Colo. Rev. Stat. § 10-2-418 Bail bonding authority
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(1) The division shall advise state court administrators that a person may furnish a bail bond if the person is a licensed insurance producer with a power of attorney from an insurance company, appears on the division's website as an active insurance producer with casualty author…
Colo. Rev. Stat. § 10-2-501 Reciprocity
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(1) The commissioner shall waive any requirements for a nonresident license applicant with a valid license from the applicant's home state, except those requirements imposed by section 10-2-502, if the applicant's home state awards nonresident licenses to residents of this state …
Colo. Rev. Stat. § 10-2-502 Nonresident licensing - qualification
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(1) The commissioner may qualify an applicant as a nonresident, unless the applicant is denied licensure pursuant to section 10-2-801, and shall issue an insurance producer license to any qualified nonresident person in accordance with the following: (a) The person maintains a li…
Colo. Rev. Stat. § 10-2-503 Commissioner as agent for service of process
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(1) By the filing of the application and issuance of a nonresident insurance producer license, a nonresident insurance producer licensee shall be deemed to have appointed the commissioner and successors in office as said nonresident's agent upon whom all lawful process in any leg…
Colo. Rev. Stat. § 10-2-601 Financial institutions may sell insurance - where - regulation
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(1) For the purposes of this part 6: (a) and (b) (Deleted by amendment, L. 97, p. 426, � 1, effective April 24, 1997.) (c) Credit insurance has the same meaning as set forth in section 10-10-103 (2). (d) Credit life insurance means insurance on the life of a debtor pursuant to or…
Colo. Rev. Stat. § 10-2-602 Sale of annuities and insurance by financial institutions - certain tying arrangements prohibited
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(1) In addition to the requirements of section 10-3-1105, no financial institution, or subsidiary or employee of a financial institution, shall extend credit, lease or sell property of any kind, furnish any service, or fix or vary the consideration for any such extension of credi…
Colo. Rev. Stat. § 10-2-603 Bank sale of annuities - disclosure requirements
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(1) Any financial institution, or any subsidiary or employee thereof, which sells a fixed or variable annuity contract shall receive written acknowledgment from the purchaser that the annuity which is being purchased may involve investment risk and is not insured by the federal d…
Colo. Rev. Stat. § 10-2-604 Disclosures
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(1) A financial institution, and any person selling insurance with a cash value or a cash accumulation component on behalf of a financial institution, shall disclose to the financial institution's customers or members, and on any advertisements or promotional material, that insur…
Colo. Rev. Stat. § 10-2-605 Misleading advertising
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(1) No financial institution, or any subsidiary, affiliate, or employee of a financial institution, may issue advertising that would lead a reasonable person to believe that the state of Colorado or the federal government: (a) Is responsible for insurance sales activities of the …
Colo. Rev. Stat. § 10-2-606 Discrimination against affiliated agents
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(1) No financial institution shall: (a) Require, as a condition of providing or renewing a contract for providing a product or service to any customer, that the customer purchase, finance, or negotiate any policy or contract of insurance through any particular person; (b) In conn…
Colo. Rev. Stat. § 10-2-607 Location of sales
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To the extent practicable, a financial institution's sale of insurance shall be in a location distinct from a teller window or common teller area. Unlicensed employees of financial institutions shall not sell insurance or annuities. Such employees may direct customers to licensed…
Colo. Rev. Stat. § 10-2-701 Assumed names - registration - rules
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Any insurance producer using an assumed name, including without limitation a trade or fictitious name, under which the insurance producer conducts business shall register the name with the insurance commissioner prior to using the assumed name. The commissioner shall not accept r…
Colo. Rev. Stat. § 10-2-702 Commissions
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(1) No insurer or insurance producer shall pay, directly or indirectly, any commission, service fee, brokerage, or other valuable consideration to any person selling, soliciting, or negotiating insurance within this state unless, at the time such services were performed, such per…
Colo. Rev. Stat. § 10-2-703 Countersignature not required. (Repealed)
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Source: L. 93: Entire article R&RE, p. 1370, � 1, effective January 1, 1995. L. 2001: Entire section repealed, p. 1210, � 31, effective January 1, 2002.
Colo. Rev. Stat. § 10-2-704 Fiduciary responsibilities
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(1) (a) All premiums belonging to insurers and all unearned premiums belonging to insureds received by an insurance producer licensee under this article shall be treated by such insurance producer in a fiduciary capacity. The commissioner may promulgate such rules as are necessar…
Colo. Rev. Stat. § 10-2-705 Bail bond documents - requirements - rules
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(1) The insurance producer who posts a bail bond with the court on behalf of a defendant shall ensure that the following documents comply with the following provisions: (a) An indemnity agreement must: (I) Be in writing; (II) Be signed by the producer; (III) Be signed by the defe…
Colo. Rev. Stat. § 10-2-706 Insurance producer designee - responsibility
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An insurance producer may use another properly licensed and appointed insurance producer as an agent to comply with the requirements of section 10-2-705, but the insurance producer who posts the bail bond with the court is responsible for compliance with section 10-2-705 and is s…
Colo. Rev. Stat. § 10-2-707 Business practices - price limits - collateral
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(1) An insurance producer who writes bail bonds shall not charge a premium or commission of more than the greater of fifty dollars or fifteen percent of the amount of bail furnished. An insurance producer who writes bail bonds shall not assess fees for any bail bond posted by the…
Colo. Rev. Stat. § 10-2-801 Licenses - denial, suspension, revocation, termination - reporting of actions - definitions
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(1) The commissioner may place an insurance producer on probation; suspend, revoke, or refuse to issue, continue, or renew an insurance producer license; order restitution to be paid from an insurance producer; or assess a civil penalty pursuant to section 10-2-804 or 10-3-1108, …
Colo. Rev. Stat. § 10-2-802 Surrender of license
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(1) An insurance producer license issued under this article, although issued and delivered to the licensee, shall at all times be the property of the state of Colorado and shall be surrendered or returned promptly to the commissioner by personal delivery or by certified or regist…
Colo. Rev. Stat. § 10-2-803 Notice of penalty, suspension, termination, revocation, or denial
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(1) The commissioner shall promptly notify any insurance producer licensee regarding any penalty assessed, suspension, revocation, termination, or denial of the licensee's license by the commissioner. (2) Upon assessment of a penalty, suspension, revocation, or termination of the…
Colo. Rev. Stat. § 10-2-804 Investigation by commissioner
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(1) The commissioner may examine and investigate the business affairs and conduct of every person applying for or holding an insurance producer license under this article to determine whether such person has been or is engaged in any violation of the insurance laws or rules of th…
Colo. Rev. Stat. § 10-2-901 Short title
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This part 9 shall be known and may be cited as the Reinsurance Intermediary Act. Source: L. 93: Entire article R&RE, p. 1374, � 1, effective January 1, 1995. Editor's note: This section is similar to former � 10-2-301 as it existed prior to 1993.
Colo. Rev. Stat. § 10-2-902 Definitions
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As used in this part 9, unless the context otherwise requires: (1) Controlling person means any person, firm, association, or corporation that directly or indirectly has the power to direct or cause to be directed, the management, control, or activities of the reinsurance interme…
Colo. Rev. Stat. § 10-2-903 Licensure
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(1) No person, firm, association, or corporation shall act as an RP in this state if the RP maintains an office either directly or as a member or employee of a firm or association, or an officer, director, or employee of a corporation: (a) In this state, unless such RP is a licen…
Colo. Rev. Stat. § 10-2-904 Required contract provisions - reinsurance intermediary-producers
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(1) Transactions between an RP and the insurer such RP represents shall only be entered into pursuant to a written authorization specifying the responsibilities of each party. The authorization shall, at a minimum, contain provisions that: (a) The insurer may terminate the RP's a…
Colo. Rev. Stat. § 10-2-905 Books and records - reinsurance intermediary-producers
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(1) For at least ten years after expiration of each contract of reinsurance transacted by the RP, the RP shall keep a complete record for each transaction showing: (a) The type of contract, limits, underwriting restrictions, classes, or risks and territory; (b) The period of cove…
Colo. Rev. Stat. § 10-2-906 Duties of insurers utilizing the services of a reinsurance intermediary-producer
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(1) An insurer shall not engage the services of any person, firm, association, or corporation to act as an RP on its behalf unless such person is licensed as required by section 10-2-903 (1). (2) An insurer may not employ an individual who is employed by an RP with which it trans…
Colo. Rev. Stat. § 10-2-907 Required contract provisions - reinsurance intermediary-managers
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(1) Transactions between an RM and the reinsurer such RM represents shall only be entered into pursuant to a written contract specifying the responsibilities of each party, which shall be approved by the reinsurer's board of directors. At least thirty days before such reinsurer a…
Colo. Rev. Stat. § 10-2-908 Prohibited acts
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(1) The RM shall not: (a) Bind retrocessions on behalf of the reinsurer; except that the RM may bind facultative retrocessions pursuant to obligatory facultative agreements if the contract with the reinsurer contains reinsurance underwriting guidelines for such retrocessions. Suc…
Colo. Rev. Stat. § 10-2-909 Duties of reinsurers utilizing the services of a reinsurance intermediary-manager
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(1) A reinsurer shall not engage the services of any person, firm, association, or corporation to act as an RM on its behalf unless such person is licensed as required by section 10-2-903 (2). (2) The reinsurer shall annually obtain a copy of statements of the financial condition…