(1)Producers not
exempt from the requirements of this section shall satisfactorily complete up to
twenty-four hours of instruction by attending courses or programs of instruction
approved by the commissioner. At least three of the twenty-four hours of
continuing education must be for courses in ethics. For producers authorized to sell
property or personal insurance lines of business, at least three of the twenty-four
hours of continuing education must be for courses in homeowner's insurance
coverage. The commissioner may adopt rules concerning testing requirements as a
part of the certified continuing education. The producer shall complete the required
hours of instruction within twenty-four months after the date the producer's license
renews, beginning with renewal dates on or
Free access — add to your briefcase to read the full text and ask questions with AI
(1) Producers not
exempt from the requirements of this section shall satisfactorily complete up to
twenty-four hours of instruction by attending courses or programs of instruction
approved by the commissioner. At least three of the twenty-four hours of
continuing education must be for courses in ethics. For producers authorized to sell
property or personal insurance lines of business, at least three of the twenty-four
hours of continuing education must be for courses in homeowner's insurance
coverage. The commissioner may adopt rules concerning testing requirements as a
part of the certified continuing education. The producer shall complete the required
hours of instruction within twenty-four months after the date the producer's license
renews, beginning with renewal dates on or after January 1, 1993. A producer may
accumulate no more than twelve carry-over credit hours during the one hundred
twenty days before the licensing continuation date. Carry-over credits apply to the
next continuing education period. If a producer has more than one license to sell
insurance in this state, the producer shall complete the required hours of
instruction within twenty-four months after the date of renewal of the first license.
For good cause shown, the commissioner may grant an extension of time, not
exceeding one additional year, within which to comply with this section. An
instructor of an approved course of instruction qualifies for the same number of
hours of continuing education as a person attending and successfully completing
the course or program, but an instructor shall not receive credit more than once for
a course or program given more than once during the twenty-four-month period
described in this subsection (1).
(2) Any producer who is subject to the requirements of this section shall
furnish in a form satisfactory to the commissioner written proof of compliance with
the requirements of this section. The requirements of this section are mandatory for
any person specified in subsection (3)(a) of this section, and if any such person
holds more than one license which is described in subsection (3) of this section,
such person shall be required to complete the hours of instruction required under
this section only once. For purposes of this section, the term person shall include
any holder of a license to sell insurance under the laws of this state.
(3) (a) The requirements of this section shall apply to any resident person
licensed to solicit and sell the following types of insurance in this state:
(I) Life insurance and annuity contracts, including variable life and annuity
contracts;
(II) Sickness, accident and health insurance;
(III) Property and casualty insurance; and
(IV) Any other type of insurance for which the state requires an examination
for licensure.
(b) This section shall not apply to any person holding a limited or restricted
license if such license is in good standing with the division and no complaints have
been filed against the licensee.
(3.5) (a) An individual who holds a public adjuster license and who is not
exempt under paragraph (b) of this subsection (3.5) shall satisfactorily complete
continuing education courses as required by the commissioner under this section.
(b) Licensees holding nonresident public adjuster licenses who have met the
continuing education requirements of their home state and whose home state gives
credit to residents of this state on the same basis meet the requirements of this
section.
(4) Written certification of any course of instruction completed shall be
executed by or on behalf of the sponsoring organization, in a form satisfactory to
the commissioner.
(5) Any person who fails to comply with the requirements of this section, or
is found after a hearing before the division to have submitted a false or fraudulent
certificate of compliance to the commissioner, shall have his or her license
suspended until such person satisfactorily demonstrates to the commissioner that
all of the requirements of this section, and any other applicable licensing
requirement or other statute, have been met.
(6) (a) The commissioner shall be responsible for administering the
continuing insurance education requirements under this article and approving
courses of instruction that qualify for such purposes. The commissioner shall
promulgate such rules as the commissioner deems necessary to administer the
continuing education requirements, including the provisions and requirements of
this section. The commissioner shall also promulgate rules requiring that producers
be required to provide to a continuing education administrator proof of compliance
with the continuing education requirements as a condition of license renewal. For
persons licensed pursuant to section 10-11-116 (1)(c), compliance with the continuing
legal education credits requirements of the Colorado supreme court shall be
deemed to meet the requirements of this section.
(b) The position of continuing education administrator shall be established
by the commissioner either within the division of insurance or through a contractual
arrangement with an outside service provider. All costs of such administrator shall
be paid from continuing insurance education fees paid by producers in the manner
provided by this section. In no event may the commissioner delegate course
approval responsibilities to the continuing education administrator.
(c) Each producer licensed under this article is responsible for paying to the
continuing education administrator a reasonable biennial fee for the operation of
the continuing education programs, which fee is used to administer the provisions
of this section.
(6.5) (a) Continuing education course instruction, content, outline, and
course providers are subject to initial approval by the commissioner and, at the
discretion of the commissioner, are subject to periodic review for continuation.
(b) If, upon review, the commissioner determines that a continuing education
course or program is not in compliance with all applicable standards, as set forth by
rule, the commissioner may order the course or program to be discontinued or
revoke approval of the course provider, or both.
(7) Repealed.