Colorado Licensing Rules / Regulations
Applicant's min age complete pre-licensing education requirement. Pass the licensing exam/
Pay required licensing fee - ANS-Age 18
Producer's time to notify the DOI of name or address change - ANS-30 days
A producer license is not required of a fraternal benefit society representative if the
representative did not receive sales compensation and: In the preceding calendar year, the
representative sold the society life insurance contracts w a face amount of $_____ or less; OR
sold any other kind of insurance on behalf of the society to _____ or fewer individuals and
received no compensation from these policies - ANS-$50,
Number of required Pre-licensing Education Hours P&C Insurance Producer - ANS-50 hours
Number of required Pre-Licensing Education Hours -- of each 50 hour course ____ hours must
cover industry ethics - ANS-3 hours
Appt Termination - When terminating a PRODUCER appt for cause, an insurer must inform the
Commissioner within _____ days of the termination - ANS-30
The INSURER has an additional ____ days to notify the PRODUCER of appointment
termination - ANS-15 DAYS
Within ____ days of notification the PRODUCER may file a written response w the
Commissioner for appt termination - ANS-30 days
Appointment Termination: The INSURER has an additional ______ days to notify the producer. -
ANS-15 days
Appointment Termination: Within ____ days of notification, the PRODUCER may file a written
response with the Commissioner - ANS-30 days
FIDUCIARY: A PRODUCER must REMIT premiums to insurer within ____ days after the receipt
- ANS-45 days after the receipt
FIDUCIARY: A PRODUCER must RETURN all premiums to insured within ____ days - ANS-30
days
PRODUCER'S LICENSE RENEWAL PERIOD: The license may be continually renewed as long
as the proper fees are paid and continuing education requirements are met - ANS-2 years
, CONTINUING EDUCATION: Requirements for each 2 year CE term - ANS-24 credit hours
CONTINUING EDUCATION: Number of hours required of ethics CE - ANS-3 hours in ethics
CONTINUING EDUCATION: Number of hours in the lines of insurance for which the
PRODUCER is licensed - ANS-18 hours
CONTINUING EDUCATION: Number of hours a property or personal lines producer must
complete on homeowners insurance coverage - ANS-3 hours
CONTINUING EDUCATION: Number of hours on subjects designated by the Commissioner -
ANS-6 hours
CONTINUING EDUCATION: Number of hours a producer can accumulate and apply to the next
CE period - ANS-12 hours
CONTINUING EDUCATION: Length of CE extension from the commissioner for good cause -
ANS-1 year
CONTINUING EDUCATION: Length of time a producer must maintain CE completion records -
ANS-5 years
CONTROLLED BUSINESS: A license is deemed to be used for controlled business if, during
any 12-month period, the total premiums on controlled business _____ the total premiums on all
other business - ANS-EXCEED
P&C COLORADO LAWS: INSURERS must pay first-party claims under P&C policies within ___
days of receiving a complete claim (unless disputed) - ANS-60 days
P&C COLORADO LAWS: Rate regulation classification for worker's compensation pure
premium, and assigned risk auto insurance - ANS-Type 1
P&C COLORADO LAWS: Rate regulation classification for fire, casualty, inland marine, title and
credit - ANS-Type II
COMMERCIAL POLICY REQUIREMENTS: INSURER must give the INSURED at least ____
notice for cancellation, non-renwal, increasing premiums, or reducing coverage at policy
renewal - ANS-45 days
COMMERCIAL POLICY REQUIREMENTS: ______ days notice is required to raise premiums
or reduce coverage for medical malpractice policies - ANS-90 days
Applicant's min age complete pre-licensing education requirement. Pass the licensing exam/
Pay required licensing fee - ANS-Age 18
Producer's time to notify the DOI of name or address change - ANS-30 days
A producer license is not required of a fraternal benefit society representative if the
representative did not receive sales compensation and: In the preceding calendar year, the
representative sold the society life insurance contracts w a face amount of $_____ or less; OR
sold any other kind of insurance on behalf of the society to _____ or fewer individuals and
received no compensation from these policies - ANS-$50,
Number of required Pre-licensing Education Hours P&C Insurance Producer - ANS-50 hours
Number of required Pre-Licensing Education Hours -- of each 50 hour course ____ hours must
cover industry ethics - ANS-3 hours
Appt Termination - When terminating a PRODUCER appt for cause, an insurer must inform the
Commissioner within _____ days of the termination - ANS-30
The INSURER has an additional ____ days to notify the PRODUCER of appointment
termination - ANS-15 DAYS
Within ____ days of notification the PRODUCER may file a written response w the
Commissioner for appt termination - ANS-30 days
Appointment Termination: The INSURER has an additional ______ days to notify the producer. -
ANS-15 days
Appointment Termination: Within ____ days of notification, the PRODUCER may file a written
response with the Commissioner - ANS-30 days
FIDUCIARY: A PRODUCER must REMIT premiums to insurer within ____ days after the receipt
- ANS-45 days after the receipt
FIDUCIARY: A PRODUCER must RETURN all premiums to insured within ____ days - ANS-30
days
PRODUCER'S LICENSE RENEWAL PERIOD: The license may be continually renewed as long
as the proper fees are paid and continuing education requirements are met - ANS-2 years
, CONTINUING EDUCATION: Requirements for each 2 year CE term - ANS-24 credit hours
CONTINUING EDUCATION: Number of hours required of ethics CE - ANS-3 hours in ethics
CONTINUING EDUCATION: Number of hours in the lines of insurance for which the
PRODUCER is licensed - ANS-18 hours
CONTINUING EDUCATION: Number of hours a property or personal lines producer must
complete on homeowners insurance coverage - ANS-3 hours
CONTINUING EDUCATION: Number of hours on subjects designated by the Commissioner -
ANS-6 hours
CONTINUING EDUCATION: Number of hours a producer can accumulate and apply to the next
CE period - ANS-12 hours
CONTINUING EDUCATION: Length of CE extension from the commissioner for good cause -
ANS-1 year
CONTINUING EDUCATION: Length of time a producer must maintain CE completion records -
ANS-5 years
CONTROLLED BUSINESS: A license is deemed to be used for controlled business if, during
any 12-month period, the total premiums on controlled business _____ the total premiums on all
other business - ANS-EXCEED
P&C COLORADO LAWS: INSURERS must pay first-party claims under P&C policies within ___
days of receiving a complete claim (unless disputed) - ANS-60 days
P&C COLORADO LAWS: Rate regulation classification for worker's compensation pure
premium, and assigned risk auto insurance - ANS-Type 1
P&C COLORADO LAWS: Rate regulation classification for fire, casualty, inland marine, title and
credit - ANS-Type II
COMMERCIAL POLICY REQUIREMENTS: INSURER must give the INSURED at least ____
notice for cancellation, non-renwal, increasing premiums, or reducing coverage at policy
renewal - ANS-45 days
COMMERCIAL POLICY REQUIREMENTS: ______ days notice is required to raise premiums
or reduce coverage for medical malpractice policies - ANS-90 days
