Colorado § 10-4-1703 License - application - restrictions

Colorado Statutes

§ 10-4-1703 — License - application - restrictions

Colorado § 10-4-1703

Title 10Insurance

Art.Property and Casualty Insurance

This text of Colorado § 10-4-1703 (License - application - restrictions) 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. § 10-4-1703 (2026).

Text

(1)(a) Before being issued a limited lines self-storage insurance producer license, a person must submit an application for a limited lines self-storage license in accordance with section 10-2-404; except that the applicant is not required to provide the information specified in section 10-2-404 (2).

(b)A supervising entity is responsible for compliance with this part 17. If a self-storage retailer has more than one supervising entity, the commissioner may hold all supervising entities responsible for a violation of this part 17 in accordance with section 10-4-1709. If a self-storage retailer derives more than fifty percent of its revenue from the sale of limited lines self-storage insurance, the self-storage retailer shall provide the location of the self-storage retailer's hom

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(1) (a) Before being issued a
limited lines self-storage insurance producer license, a person must submit an
application for a limited lines self-storage license in accordance with section 10-2-404; except that the applicant is not required to provide the information specified in
section 10-2-404 (2).

(b) A supervising entity is responsible for compliance with this part 17. If a
self-storage retailer has more than one supervising entity, the commissioner may
hold all supervising entities responsible for a violation of this part 17 in accordance
with section 10-4-1709. If a self-storage retailer derives more than fifty percent of
its revenue from the sale of limited lines self-storage insurance, the self-storage
retailer shall provide the location of the self-storage retailer's home office and the
name, residential address, and other information required by the commissioner for
all officers, directors, and shareholders of record having beneficial ownership of ten
percent or more of any class of the self-storage retailer's securities registered
under federal securities laws. For purposes of this section:

(I) A supervising entity is not required to be an officer, partner, or director of
the self-storage retailer; and

(II) The applicant for a limited lines self-storage insurance producer license
pursuant to this part 17 is exempt from the requirements of section 10-2-406.

(c) By July 1, 2018, a person engaged in the sale, solicitation, or negotiation of
self-storage insurance before August 9, 2017, shall either apply for a limited lines
self-storage insurance producer license or cease engaging in the sale of self-storage insurance. To sell, solicit, or negotiate self-storage insurance on or after
July 1, 2018, a person must first obtain a limited lines self-storage insurance
producer license. A limited lines self-storage insurance producer license
application must be accompanied by a fee prescribed by the commissioner in
accordance with section 10-2-413. A limited lines self-storage insurance producer
license must be renewed as set forth in section 10-2-408.

(2) A supervising entity may sell, solicit, or negotiate, or offer to sell, solicit,
or negotiate, self-storage insurance only in connection with, and incidental to, the
rental of a self-storage space in a self-service storage facility. The self-storage
insurance may provide coverage only for damage or loss to the personal property of
the occupant contained in the self-storage space.