Colorado § 10-2-408 License - contents - continuation due date

Colorado Statutes

§ 10-2-408 — License - contents - continuation due date

Colorado·Title 10 Insurance·Art. Licenses

(1)The commissioner shall issue a perpetual insurance producer license to an applicant who has met the requirements of section 10-2-404.

(2)The license shall state the name, address, and personal identification number of the licensee, the date of issuance, general conditions relative to expiration or cancellation, the line or lines of insurance covered by the license, and any other information the commissioner deems proper or necessary.

(3)The license issued to an individual, as a sole proprietor, shall include the trade name under which the licensee acts in the solicitation or negotiation of insurance contracts.

(4)Subject to continuation, each insurance producer license shall remain in effect unless revoked or suspended as long as the continuation fee as prescribed by the

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(1) The commissioner
shall issue a perpetual insurance producer license to an applicant who has met the
requirements of section 10-2-404.

(2) The license shall state the name, address, and personal identification
number of the licensee, the date of issuance, general conditions relative to
expiration or cancellation, the line or lines of insurance covered by the license, and
any other information the commissioner deems proper or necessary.

(3) The license issued to an individual, as a sole proprietor, shall include the
trade name under which the licensee acts in the solicitation or negotiation of
insurance contracts.

(4) Subject to continuation, each insurance producer license shall remain in
effect unless revoked or suspended as long as the continuation fee as prescribed
by the commissioner in accordance with section 10-2-413 is paid and education
requirements are met on or before the due date.

(5) The commissioner shall establish, by rule, the continuation due date and
application procedures for continuation of the license and for the acceptance of a
late filing fee.

(6) Any person who holds either a Colorado insurance producer license, a
resident surplus lines license, or the equivalent issued by another state or territory
that offers Colorado surplus lines producers' nonresident licenses on a reciprocal
basis and is deemed by the commissioner to be competent and trustworthy may be
licensed as a surplus line producer upon the condition that the producer shall
conduct business under the license in accordance with the provisions of this article
and shall promptly remit the taxes provided by section 10-5-111.

(7) A licensed insurance producer who fails to comply with license
continuation or renewal procedures due to military service, long-term medical
disability, or any other condition the commissioner deems appropriate, may request
a waiver of those procedures. The producer may also request a waiver of any
examination requirement or any other fine or sanction imposed for failure to comply
with continuation or renewal procedures.

Colorado § 10-2-408 (License - contents - continuation due date) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 93: Entire article R&RE, p. 1361, � 1, effective January 1, 1995. L. 95: (6) amended, p. 489, � 1, effective May 16. L. 2001: (6) amended and (7) added, p. 1200, � 15, effective January 1, 2002.