Colorado § 10-2-1003 Licensure

Colorado Statutes

§ 10-2-1003 — Licensure

Colorado § 10-2-1003

Title 10Insurance

Art.Licenses

This text of Colorado § 10-2-1003 (Licensure) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 10-2-1003 (2026).

Text

(1)No person, firm, association, or corporation shall act in the capacity of an MGA with respect to risks located in this state for an insurer licensed in this state unless such person is a licensed producer in this state.

(2)No person, firm, association, or corporation shall act in the capacity of an MGA representing an insurer domiciled in this state with respect to risks located outside this state unless such person is licensed as a producer in this state (such license may be a nonresident license) pursuant to the provisions of this part 10.

(3)The commissioner may require a bond in an amount acceptable to the commissioner for the protection of the insurer.

(4)The commissioner may require the MGA to maintain an errors and omissions policy.

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(1) No person, firm, association, or corporation shall
act in the capacity of an MGA with respect to risks located in this state for an
insurer licensed in this state unless such person is a licensed producer in this state.

(2) No person, firm, association, or corporation shall act in the capacity of an
MGA representing an insurer domiciled in this state with respect to risks located
outside this state unless such person is licensed as a producer in this state (such
license may be a nonresident license) pursuant to the provisions of this part 10.

(3) The commissioner may require a bond in an amount acceptable to the
commissioner for the protection of the insurer.

(4) The commissioner may require the MGA to maintain an errors and
omissions policy.