C.R.S.
Section 10-2-407
License
- definitions of lines of insurance
- authority
(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Repealed.(g)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.
Source:
Section 10-2-407 — License - definitions of lines of insurance - authority, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-10.pdf
(accessed Oct. 20, 2023).