Colorado § 10-2-407 License - definitions of lines of insurance - authority

Colorado Statutes

§ 10-2-407 — License - definitions of lines of insurance - authority

Colorado § 10-2-407

Title 10Insurance

Art.Licenses

This text of Colorado § 10-2-407 (License - definitions of lines of insurance - authority) 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. § 10-2-407 (2026).

Text

(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 one or more of the following lines of authority:

(a)Life, which means insurance coverage on human lives that:

(I)Shall include benefits of endowment and annuities; and

(II)May include benefits for:

(A)The event of death or dismemberment by accident; and

(B)Disability income;

(b)Accident and health, which means insurance coverage for sickness, bodily injury, or accidental death and that may include benefits for disability income;

(c)Variable life and variable annuity products, which means insura

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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 one or more of the following lines of authority:

(a) Life, which means insurance coverage on human lives that:

(I) Shall include benefits of endowment and annuities; and

(II) May include benefits for:

(A) The event of death or dismemberment by accident; and

(B) Disability income;

(b) Accident and health, which means insurance coverage for sickness,
bodily injury, or accidental death and that may include benefits for disability
income;

(c) Variable life and variable annuity products, which means insurance
coverage provided under variable life insurance contracts and variable annuities;

(d) Property, which means insurance coverage for the direct or
consequential loss or damage to property of every kind;

(e) Casualty, which means insurance coverage against legal liability,
including that for death, injury, or disability or damage to real or personal property;

(f) Repealed.

(g) Limited lines credit insurance;

(h) Crop hail;

(i) Title;

(j) Surplus lines;

(k) Travel insurance, as defined in section 10-2-414.5;

(l) Health maintenance organizations (HMO); except that no person shall
be issued a new license for this individual line of authority on or after January 1,
2002, pursuant to section 10-2-402;

(m) Nonprofits; except that no person shall be issued a new license for this
individual line of authority on or after January 1, 2002, pursuant to section 10-2-402;

(n) Personal lines, which means property and casualty insurance sold to
individuals and families for primarily noncommercial purposes; or

(o) Any other line of insurance permitted under state law or regulation.

(2) (Deleted by amendment, L. 2001, p. 1199, � 14, effective January 1, 2002.)

(3) An insurance producer license for surplus lines may be issued to resident
persons pursuant to article 5 of this title.

Legislative History

Source: L. 93: Entire article R&RE, p. 1360, � 1, effective January 1, 1995. L. 99: (1)(f) amended, p. 988, � 6, effective January 1, 2000. L. 2001: IP(1), (1)(a), (1)(b), (1)(c), (1)(d), (1)(e), (1)(g), (1)(h), (1)(l), (1)(m), and (2) amended and (1)(n) and (1)(o) added, p. 1199, � 14, effective January 1, 2002. L. 2008: (1)(h) amended, p. 209, � 3, effective March 26. L. 2012: IP(1) amended and (1)(f) repealed, (HB 12-1266), ch. 280, p. 1494, � 9, effective July 1. L. 2014: (1)(k) amended, (HB 14-1185), ch. 202, p. 734, � 1, effective August 6.