Colorado Statutes

§ 10-2-105 — Insurance producer - exemptions from definition

Colorado·Title 10 Insurance·Art. Licenses
(1)Nothing in this article shall be construed to require an insurer to obtain an insurance producer license. In this section, the term insurer does not include an insurer's officers, directors, employees, subsidiaries, or affiliates.
(2)Notwithstanding section 10-2-103 (6), insurance producer does not include the following:
(a)Any person who is a regularly salaried officer, director, or employee of an insurance company or an insurance producer and who is engaged in the performance of usual or customary executive, administrative, or clerical duties which do not include the negotiation or solicitation of insurance, so long as the officer, director, or employee does not receive any commission on policies written or sold to insure risks residing, located, or to be performed in th

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Legislative History

Source: L. 93: Entire article R&RE, p. 1350, � 1, effective January 1, 1995. L. 98: (1)(g) added, p. 234, � 3, effective April 10. L. 2001: Entire section amended, p. 1192, � 5, effective January 1, 2002. L. 2013: (2.5) added, (HB 13-1062), ch. 61, p. 201, � 2, effective January 1, 2014.

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