C.R.S. Section 10-2-802
Surrender of license

(1)

An insurance producer license issued under this article, although issued and delivered to the licensee, shall at all times be the property of the state of Colorado and shall be surrendered or returned promptly to the commissioner by personal delivery or by certified or registered mail within fifteen days under any of the following conditions:

(a)

Suspension, revocation, or termination of the license;

(b)

Discontinuation or nonrenewal of the license by the licensee;

(c)

Cessation of residency in this state or, in the case of a nonresident licensee, cessation of residency in the licensee’s resident state; or

(d)

Suspension, termination, or revocation of a nonresident licensee’s license in the state of residence.

(2)

The commissioner may require surrender of an insurance producer license for any proper reason in addition to the grounds stated in subsection (1) of this section.

(3)

As to any insurance producer license issued pursuant to this article which is lost, stolen, or destroyed while in the possession of the licensee, the commissioner may accept, in lieu of return of the license, the affidavit of the individual licensee or, in the case of an insurance agency or business entity, the person given responsibility for custody of the license, as to the facts concerning such loss, theft, or destruction.

Source: Section 10-2-802 — Surrender of license, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-10.­pdf (accessed Oct. 20, 2023).

10‑2‑101
Short title 10‑2‑102
Scope - applicability 10‑2‑103
Definitions 10‑2‑104
Authority of commissioner - rules 10‑2‑105
Insurance producer - exemptions from definition 10‑2‑201
Prelicensure education - when required 10‑2‑202
Exemption from prelicensure education requirements 10‑2‑203
Course certification, registration, and review by commissioner 10‑2‑301
Continuing education requirement - rules 10‑2‑401
License required 10‑2‑402
License examination requirement 10‑2‑403
Exemption from license examination 10‑2‑404
Application for license 10‑2‑405
Residency - individuals - agencies 10‑2‑406
Licensing of agencies 10‑2‑407
License - definitions of lines of insurance - authority 10‑2‑408
License - contents - continuation due date 10‑2‑409
License - amendment - reissuance 10‑2‑410
Temporary licensing 10‑2‑411
Duplicate license 10‑2‑412
Change of address - notification 10‑2‑413
Fees 10‑2‑414
Additional lines of authority - application for license 10‑2‑414.5
Travel insurance - limited lines license - travel insurance producers - definitions 10‑2‑415.5
Appointment of insurance producer - continuation - renewal - exceptions 10‑2‑415.7
Termination of insurance producer bail bonding agent - notice - penalty 10‑2‑416
Notification to the commissioner of termination 10‑2‑416.5
Required availability to commissioner of list of producer appointees for enforcement purposes 10‑2‑417
Public insurance adjusters - license required - financial responsibility - standards of conduct - rules 10‑2‑418
Bail bonding authority 10‑2‑501
Reciprocity 10‑2‑502
Nonresident licensing - qualification 10‑2‑503
Commissioner as agent for service of process 10‑2‑601
Financial institutions may sell insurance - where - regulation 10‑2‑602
Sale of annuities and insurance by financial institutions - certain tying arrangements prohibited 10‑2‑603
Bank sale of annuities - disclosure requirements 10‑2‑604
Disclosures 10‑2‑605
Misleading advertising 10‑2‑606
Discrimination against affiliated agents 10‑2‑607
Location of sales 10‑2‑701
Assumed names - registration - rules 10‑2‑702
Commissions 10‑2‑704
Fiduciary responsibilities 10‑2‑705
Bail bond documents - requirements - rules 10‑2‑706
Insurance producer designee - responsibility 10‑2‑707
Business practices - price limits - collateral 10‑2‑801
Licenses - denial, suspension, revocation, termination - reporting of actions - definitions 10‑2‑802
Surrender of license 10‑2‑803
Notice of penalty, suspension, termination, revocation, or denial 10‑2‑804
Investigation by commissioner 10‑2‑901
Short title 10‑2‑902
Definitions 10‑2‑903
Licensure 10‑2‑904
Required contract provisions - reinsurance intermediary-producers 10‑2‑905
Books and records - reinsurance intermediary-producers 10‑2‑906
Duties of insurers utilizing the services of a reinsurance intermediary-producer 10‑2‑907
Required contract provisions - reinsurance intermediary-managers 10‑2‑908
Prohibited acts 10‑2‑909
Duties of reinsurers utilizing the services of a reinsurance intermediary-manager 10‑2‑910
Examination authority 10‑2‑911
Penalties and liabilities 10‑2‑912
Rules and regulations 10‑2‑1001
Short title 10‑2‑1002
Definitions 10‑2‑1003
Licensure 10‑2‑1004
Required contract provisions 10‑2‑1005
Duties of insurers 10‑2‑1006
Examination authority 10‑2‑1007
Penalties and liabilities 10‑2‑1008
Rules and regulations 10‑2‑1101
Effective date - applicability
Green check means up to date. Up to date

Current through Fall 2024

§ 10-2-802’s source at colorado​.gov