DEPARTMENT OF REGULATORY AGENCIES
Division of Insurance
3 ccr 702-1
ADMINISTRATIVE PROCEDURES
Proposed Amended Regulation 1-2-10
CONCERNING THE REGULATION OF INSURANCE PRODUCERS BY THE COLORADO DIVISION OF INSURANCE: COLORADO PRODUCER LICENSING MODEL ACT
Section 1	Authority
Section 2	Scope and Purpose
Section 3	Applicability
Section 4	Definitions
Section 5	License Examination
Section 6	Insurance Producer License
Section 7	List of Contractually Authorized Producers
Section 8	Designation of Responsible Producer and Agency Registration of Producers
Section 9	Producer Registration of Assumed (Trade) Name
Section 10	Health Maintenance Organizations And Nonprofit Hospital, Medical-Surgical And Health Service Corporations
Section 11	Insurer Reporting Requirements Concerning Termination of Insurance Producer by an Insurer for Cause
Section 12	Producer Reporting Requirements for Administrative and Criminal Prosecutions
Section 13	Fees
Section 14	Severability
Section 15	Effective Date
Section 16	History
Section 1	Authority
This regulation is promulgated under the authority of   § §10-1-109, 10-2-104, 10-2-407, 10-2-413, 10-16-414, and 12-7-102(3), C.R.S.
Section 2	Scope And Purpose
This regulation sets forth the terms and conditions for licensing insurance producers and insurance agencies. This regulation also establishes the fees required by   §10-2-413, C.R.S.
Nothing in this regulation shall change or modify any provisions of a Colorado motor vehicle insurance plan as may be adopted by the Commissioner under the authority of  § 10-4-412 C.R.S.
Section 3	Applicability
This regulation shall apply to all resident and non resident producers and agencies licensed to sell insurance in the state of Colorado.  
Section 4	Definitions
“Credit” means credit life, credit disability, credit property, credit unemployment, involuntary unemployment, mortage life, mortgage guaranty, mortgage disability, guaranteed automobile protection insurance, or any form of insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation and this is designated by the insurance commissioner as limited line credit insurance.
““Crop Insurance” is insurance providing protection against damage to crops from unfavorable weather conditions, fire or lightning, flood, hail, insect infestation, disease or other yield-reducing conditions or periods provided by the private insurance market, or that is subsidized by the Federal Crop Insurance Corporation, including Multi-Peril Crop Insurance.
“Insurance agency” or “business entity” shall have the same meaning as defined in CRS 10-2-103(5).
”Insurance producer” or “producer”, shall have the same meaning as defined in CRS 10-2-103(6):
"Person" shall have the same meaning as defined in CRS 10-2-103(8).
“Travel “ means insurance coverage for trip cancellation, trip interruption, baggage, life, sickness and accident, disability, and personal effects when limited to a specific trip and sold in connection with transportation provided by a common carrier.
Section 15	Effective Date
This regulation shall be effective July 1, 2008February 1, 2009.
Section 15	History
Original Regulation 1-2-10, effective January 1, 1995.
Emergency Regulation 96-E-2, effective July 1, 1996.
Emergency Regulation 96 E 3, effective September 29, 1996.
Amended Regulation 1-2-10, effective December 30, 1996.
Amended Regulation 1-2-10, effective November 11, 1997.
Amended Regulation 1-2-10, effective January 1, 2000.
Amended Regulation 1-2-10, effective January 1, 2001.
Emergency Regulation 1-2-10, effective January 1, 2002.
Amended Regulation 1-2-10, effective April 1, 2002.
Amended Regulation 1-2 -10, effective February 1, 2003.
Amended Emergency Regulation 05-E-2, effective June 1, 2005.
Amended Regulation 1-2 1-10, effective December 1, 2005.
Amended Regulation 1-2 1-10, effective July 1, 2008.
Amended Regulation 1-2-10, effective February 1, 2009.
For further information concerning this regulation, please contact:
Licensing Administrator, Division of Insurance, 1560 Broadway, Suite 850, Denver, Colorado 80202, 303-894-7499