§ 10-2-416.5. Required Availability to Commissioner of List of Producer Appointees for Enforcement Purposes
Each insurer shall maintain a current list of producers contractually authorized to accept applications on behalf of the insurer. Each insurer shall make such list available to the commissioner upon reasonable request for purposes of conducting investigations and enforcing the provisions of this title. Source: L. 99: Entire section added, p. 663, § 3, effective […]
§ 10-2-417. Public Insurance Adjusters – License Required – Financial Responsibility – Standards of Conduct – Rules
A person shall not act or hold himself or herself out as a public adjuster in this state unless the person is licensed as a public adjuster in accordance with this article. No person who, on or before January 1, 2014, holds a license as a public adjuster previously issued under the laws of this […]
§ 10-2-418. Bail Bonding Authority
The division shall advise state court administrators that a person may furnish a bail bond if the person is a licensed insurance producer with a power of attorney from an insurance company, appears on the division’s website as an active insurance producer with casualty authority, and is appointed by that insurance company. The division shall […]
§ 10-2-415.5. Appointment of Insurance Producer – Continuation – Renewal – Exceptions
No insurance producer shall claim to be a representative or authorized or appointed agent of, or use any other term implying a contractual relationship with, a particular bail insurance company or accept applications on behalf of the bail insurance company unless the insurance producer becomes through a written contract a producer appointee, appointed by that […]
§ 10-2-415.7. Termination of Insurance Producer Bail Bonding Agent – Notice – Penalty
Upon the termination of the appointment of an insurance producer bail bonding agent, the insurer shall, within fifteen days, notify the commissioner and the appointee of such termination by certified mail. If the termination of an agent’s appointment is for any of the causes listed in section 10-1-128 or 10-2-801, the insurer shall notify the […]
§ 10-2-416. Notification to the Commissioner of Termination
Termination for cause. An insurer or authorized representative of the insurer that terminates employment, a contract, or other insurance business relationship with a producer shall notify the commissioner within thirty days following the effective date of the termination, using a format prescribed by the commissioner, if the reason for termination is one of the reasons […]
§ 10-2-403. Exemption From License Examination
The following applicants shall be exempt from the written examination requirements set forth in section 10-2-402: An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in this state or another state shall not be required to complete any prelicensing education or examination. […]
§ 10-2-404. Application for License
An applicant for a resident insurance producer license shall make application on a form specified by the commissioner and shall declare under penalty of refusal, suspension, or revocation of the license that the statements made in the application are true, correct, and complete to the best of the individual’s knowledge and belief. Before approving the […]
§ 10-2-405. Residency – Individuals – Agencies
The commissioner may qualify an applicant as a resident of this state and shall issue an insurance producer license to any qualified resident person of this state in accordance with the following: An individual applicant may qualify as a resident only if he or she resides in this state. Any license issued pursuant to any […]
§ 10-2-406. Licensing of Agencies
For the purposes set forth in section 10-2-701, an insurance agency or business entity shall be licensed as an insurance producer. The insurance agency or business entity shall register the name of every natural person who, as a member, officer, director, stockholder, owner, or employee of the agency or business entity, is acting as and […]