Free Colorado Insurance FAQs | Free Colorado Insurance Legal Documents

Are Nonresident License Holders Required To Have Ce Hours?

Tue, 29 May 2007 21:19:00 GMT

Yes. If your home state has a signed CE reciprocal agreement with Colorado, you need only meet your home state CE requirement. To continue your Colorado nonresident license submit a current letter of certification (not more than 90 days old) from your home state Insurance Department to: Assessment Systems Inc. (ASI), P. O. Box 99509, Denver, CO 80209 along with your Colorado continuation notice and the continuation fee. If your home state does not have a CE requirement, or does not have a signed CE reciprocal agreement with Colorado, you must fulfill Colorado`s requirement by taking Colorado approved CE courses.

Are Producers With Professional Designations Exempt?

Mon, 04 Jun 2007 21:51:22 GMT

No.

Can A Course Be Repeated?

Tue, 29 May 2007 21:19:00 GMT

A producer who successfully completes an approved course may not repeat the course and count it toward the required hours within three years of its original completion date, except for courses dealing with statutory updates. All eligible courses will have a different course number.

Can Extra Continuing Education Hours Be Carried Over?

Tue, 29 May 2007 21:19:00 GMT

A maximum of 12 credits earned over the required 24 can be allocated for carry over if taken in the final 120 days of the 24month license continuation cycle. This means only credits earned September, October, November, or December prior to your continuation can be allocated as carry over credits. Please note: Carry over credits do not apply to first time licensees, see previous question.

Do I Need 24 Credit Hours Or Each Insurance Authority That I Possess?

Tue, 29 May 2007 21:19:00 GMT

No, the requirement is a total of twentyfour credit hours every two years.

Does An Agency License Require Continuing Education?

Tue, 29 May 2007 21:19:00 GMT

No.

How Are Ce Credits Reported?

Tue, 29 May 2007 21:19:00 GMT

Effective January 1, 2001 continuing education (CE) course providers will submit monthly to, Assessment Systems Inc. (ASI) the outside vender contracted to process CE credits, a course roster (for each courses taught) of all producers and the amount of CE credit each producer received. Producers are no longer required to submit their CE credits to ASI, it is the responsible of the course provider to submit the CE credits to ASI. Prior to a producer`s continuation date, ASI will provide the producer with a CE transcript of all CE courses taken and the number of credits received. It is the producer`s responsibility to verify the transcript and advise ASI of any discrepancy. Upon successful completion of a course, the course provider will issue the producer a course completion certificate that will have the Colorado course approval number for that course and the number of approved CE credits. An approved Colorado course provider must complete the course completion certificate. Producers will need the course completion certificate to verify their CE transcript prior to continuation of their license. Producers MUST KEEP the course completion certificate in their files for a minimum of five years. DO NOT FORWARD THIS CERTIFICATE TO THE DIVISION OF INSURANCE OR TO ASI.

If I Have A Combination Of Authorities Such As Life, Life/Variable, Health, Hmo, Np And Property Or Casualty, Which Classes Can I Take For Ce Credit?

Tue, 29 May 2007 21:19:00 GMT

Since you have a combination in Life/Health & Property/Casualty, you can take Life/Health or Property/Casualty approved courses. You may split the hours between both categories or accrue all hours in one category. The requirement is that twentyfour hours be taken.

If The Only Authority I Have Is Life, Life/Variable, Health, Hmo Or Np, Which Classes Can I Take For Ce Credit?

Tue, 29 May 2007 21:19:00 GMT

At least 18 hours in the Life/Health category, with the balance in Life/Health or Property/Casualty. Please Note: The Colorado Division of Insurance must approve all courses prior to completion.

What Are The Licensing Requirements For A Bail-Bonding Agent?

Tue, 29 May 2007 21:19:00 GMT

Requirements to become a Licensed Bail Bond Agent can be obtained from the CO Insurance Bail Bond Agent Handbook. Visit www.asisvcs.com, follow the links to Insurance Professionals, Colorado Insurance, and Other Publications and Forms, to download a copy of he Colorado Handbook.

What Are The Producer Continuing Education Requirements?

Tue, 29 May 2007 21:19:00 GMT

In 1992 the Colorado General Assembly passed House Bill 921076, mandating continuing education for insurance producers. Effective January 1, 1993, the continuing education requirement applies to all individuals licensed to act as insurance producers in Colorado, including nonresidents The law requires that every licensed producer complete twentyfour hours of Colorado approved continuing education courses every two years. Any producer holding only the Health Maintenance Organization (HMO) or NonProfit Hospital Surgical Medical Services (NP) authority must complete twentyfour hours of CE beginning with their next continuation after January 1, 1999. There are only two exceptions to the CE requirement: 1) First time licensees have until their second continuation to comply. 2) Producers licensed to write only one or more of the following authorities: Limited Insurance Representative/Travel Ticket Selling, Bail Bonds, Title, Credit, and Crop Hail.

What Happens If The Continuation Fee Is Late Or If I Am Late In Completing The Required Ce Hours?

Mon, 04 Jun 2007 21:51:22 GMT

If a continuation fee is not paid on time, the license expires immediately. The producer must then reinstate the license. Do not mail continuation fee past the expiration date. If you are late completing the CE hours, but are paying the continuation fee on time, you need to request an extension to complete the CE requirement. Call ASI at 18002758247 for more information.

What Is The Address And Phone Number For The Colorado Department Of Insurance?

Mon, 04 Jun 2007 21:51:22 GMT

Colorado Insurance Commissioner
1560 Broadway, Suite 850
Denver, CO 80202
(303) 8947499

What Is The Relevant State Statute?

Tue, 29 May 2007 21:19:00 GMT

Colorado Revised Statute Title X.

What Types Of Courses Are Eligible For Ce?

Tue, 29 May 2007 21:19:00 GMT

CE credits may be earned through Colorado approved selfstudy (correspondence) or by attending Colorado approved classes/lectures or seminars provided by approved providers.

When Do The Continuing Education Requirements Begin?

Tue, 29 May 2007 21:19:00 GMT

First time licensees do not have to comply until their second continuation, and every two years thereafter. If you have already gone through a continuation, you must comply by your next continuation and every two years thereafter.

When Does Accumulation Begin?

Tue, 29 May 2007 21:19:00 GMT

Producers with a continuation date of January 1, 2002 began the accumulation cycle January 2, 2000. Producers who do not have a 2002 continuation date must comply by January 1, 2003. The accumulation cycle for January 1, 2003 continuation began January 2, 2001. First time licensees have until their second continuation to comply with the CE requirement. The accumulation period for a first time licensee is the two years prior to their second license continuation period. Any credits earned prior to that time will not count toward the second continuation. Example: Licensee`s second continuation is January 1, 2002 accumulation period is January 2, 2000 January 1, 2002. Any credits earned prior to January 2, 2000 will not apply toward the January 1, 2002 license continuation.

Where Can I Find A List Of Approved Providers Of Ce Courses?

Tue, 29 May 2007 21:19:00 GMT

For a list of approved course providers, send a written request with your name, address and a check, made payable to: State Forms Center, 4200 Garfield, Denver, CO 80216. Attention 61582452464. Before writing a check, please call the State Forms Center at (303) 3214164 for the cost of the list.

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