How to Get a Colorado Insurance License | StateRequirement

Step-by-Step Instructions to Become an Insurance Agent in Colorado

Are you interested in pursuing a career as an insurance agent in Colorado? Getting your Colorado insurance license is the first crucial step to achieving your goal. Whether you aspire to sell property and casualty insurance, life insurance, health insurance, or a combination of these lines of authority, this guide has all the information you need to get started.

Step 1: Determine Which Insurance Licenses You Need

The initial stage in obtaining your insurance license is deciding which licenses are necessary for your desired insurance career. The most common licenses acquired by new insurance agents in Colorado are the Property and Casualty (P&C) license and the Life and Health (L&H) license. The types of insurance policies and products you plan to sell will determine the specific licenses you require. For example, a Property and Casualty license allows you to sell car insurance, home insurance, and business insurance, while a Life and Health license enables you to offer life insurance, annuities, Medicare, and health insurance.

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Step 2: Complete Colorado Insurance Pre-Licensing Education

Once you have determined the licenses you need, it’s time to enroll in Colorado Insurance Pre-Licensing Education courses. These courses are typically available online and are specifically designed to equip you with the knowledge and skills necessary to pass the insurance exam. Each line of authority in Colorado demands a minimum of fifty hours of pre-licensing education. For instance, if you intend to obtain all four lines of authority, you will need to complete a total of two hundred and ten hours of education. The courses cover various subjects, such as insurance principles, legal concepts and regulations, and ethics.

Step 3: Take the Colorado Insurance License Exam

After completing your pre-licensing education, the next step is to take the Colorado Insurance License Exam. You will need to pass an exam for each line of insurance you wish to sell. Pearson Vue offers four exams for the following lines of authority: life, accident, and health (LA&H), and property and casualty (P&C). Although you will take four separate exams, Pearson Vue offers them in two consecutive sessions. Passing these exams within one year of completing your pre-licensing education is essential. It’s important to note that the exams are proctored, meaning they take place in a controlled environment under supervision.

Step 4: Submit Your Colorado Insurance License Application

Once you have successfully completed the exams, the next step is to apply for your Colorado insurance license. If you have passed multiple exams, make sure to apply for all the relevant lines of authority. The online application fee is $89 plus a $5 service fee, totaling $94 per line of authority.

Step 5: Application Review

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After submitting your application, the state will review it, along with conducting a background check. If everything meets the required standards, your license should be issued within three days. However, if any issues arise during the background check, it may prolong the process. You will be notified via email once your license is accepted. In case you haven’t received any communication within three days after application submission, contact the Colorado Insurance Licensing Office.

Congratulations on Your Colorado Insurance License!

You’ve completed all the necessary steps and are now a licensed insurance agent in Colorado. Take a moment to celebrate your achievement! To help you navigate this new chapter of your career, here are a few things you should know:

• Consider searching for insurance job opportunities on the staterequirement insurance jobs board.
• If you plan to sell advanced life insurance products, you may need additional securities licenses, such as the Series 6, Series 7, Series 63, and SIE exams.
• Remember to renew your insurance license every two years. Refer to our guides on Colorado Insurance License Renewal and Continuing Education for more information.

Colorado Department of Regulatory Agencies Contact Information

• Mailing Address: Division of Insurance, 1560 Broadway, Suite 1350, Denver, Colorado 80202
• Phone: (303) 894-7499
• Fax: (303) 894-7693
• Email: [email protected]
• Website: Visit the Colorado Department of Regulatory Agencies website
• License Search: Search for Colorado insurance licenses on Sircon Colorado’s license search tool

Frequently Asked Questions About Colorado Insurance Licenses

How long is the insurance license period in Colorado?

Learn about insurance license renewal in Colorado by visiting the Colorado Insurance License Renewal page.

How long does it take to get an insurance license in Colorado?

The process usually takes 2-8 weeks. The majority of the time is spent studying for the Colorado insurance exam. It is recommended to spend enough time studying to ensure you feel comfortable with the material. Refer to our comprehensive guide on passing the insurance exam.

How much does a Colorado insurance license cost?

The total cost of obtaining your insurance license in Colorado, including courses, application fees, and exams, will amount to approximately $375. In case you don’t pass the exam on your first attempt, there will be an additional fee of $48 for each subsequent attempt.

How do I get a Life Insurance License in Colorado?

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Obtaining a Life Insurance License in Colorado follows the same process as any other insurance agent or producer license. Simply follow the steps mentioned above.

How do I get a Property and Casualty License in Colorado?

The process of acquiring a Property and Casualty License in Colorado is identical to that of obtaining any other insurance agent or producer license. Just follow the steps outlined earlier.

Do I need business insurance in Colorado?

If you are operating a business in Colorado, it is highly advisable to have Colorado business insurance. This type of insurance protects your assets and ensures the safe operation of your business.

Please note that the information provided in this article is compiled from various sources and was last updated in September 2022. It is essential to confirm the accuracy and validity of the information with the relevant state insurance authority. Remember, we are not affiliated with any state, government, or licensing agency. If you need further information, contact your state insurance authority.

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