§ 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:
   1. “Life”, which means insurance coverage on human lives that:
      1. Shall include benefits of endowment and annuities; and
      2. May include benefits for:
         1. The event of death or dismemberment by accident; and
         2. Disability income;
   2. “Accident and health”, which means insurance coverage for sickness, bodily injury, or accidental death and that may include benefits for disability income;
   3. “Variable life and variable annuity products”, which means insurance coverage provided under variable life insurance contracts and variable annuities;
   4. “Property”, which means insurance coverage for the direct or consequential loss or damage to property of every kind;
   5. “Casualty”, which means insurance coverage against legal liability, including that for death, injury, or disability or damage to real or personal property;
   6. Repealed.
   7. Limited lines credit insurance;
   8. Crop hail;
   9. Title;
   10. Surplus lines;
   11. Travel insurance, as defined in section 10-2-414.5;
   12. 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;
   13. 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;
   14. “Personal lines”, which means property and casualty insurance sold to individuals and families for primarily noncommercial purposes; or
   15. Any other line of insurance permitted under state law or regulation.
2. (Deleted by amendment, L. 2001, p. 1199 , § 14, effective January 1, 2002.)
3. An insurance producer license for surplus lines may be issued to resident persons pursuant to article 5 of this title.

Source: L. 93: Entire article R&RE, p. 1360, § 1, effective January 1, 1995. L. 99: (1)(f) amended, p. 988, § 6, effective January 1, 2000. L. 2001: IP(1), (1)(a), (1)(b), (1)(c), (1)(d), (1)(e), (1)(g), (1)(h), (1)(l), (1)(m), and (2) amended and (1)(n) and (1)(o) added, p. 1199, § 14, effective January 1, 2002. L. 2008: (1)(h) amended, p. 209, § 3, effective March 26. L. 2012: IP(1) amended and (1)(f) repealed, (HB 12-1266), ch. 280, p. 1494, § 9, effective July 1. L. 2014: (1)(k) amended, (HB 14-1185), ch. 202, p. 734, § 1, effective August 6.

Editor’s note: This section is similar to former §§ 10-2-104, 10-2-111, 10-2-204, and 10-2-207 as they existed prior to 1993.