(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:
(a) "Life", which means insurance coverage on human lives that: (I) Shall include benefits of endowment and annuities; and
(II) May include benefits for:
The event of death or dismemberment by accident; and
Disability income;
"Accident and health", which means insurance coverage for sickness, bodily injury,or accidental death and that may include benefits for disability income;
"Variable life and variable annuity products", which means insurance coverage provided under variable life insurance contracts and variable annuities;
"Property", which means insurance coverage for the direct or consequential loss ordamage to property of every kind;
"Casualty", which means insurance coverage against legal liability, including that fordeath, injury, or disability or damage to real or personal property; (f) Repealed.
Limited lines credit insurance;
Crop hail;
Title;
Surplus lines;
Travel insurance, as defined in section 10-2-414.5;
Health maintenance organizations ("HMO"); except that no person shall be issued anew license for this individual line of authority on or after January 1, 2002, pursuant to section 10-2-402;
Nonprofits; except that no person shall be issued a new license for this individualline of authority on or after January 1, 2002, pursuant to section 10-2-402;
"Personal lines", which means property and casualty insurance sold to individualsand families for primarily noncommercial purposes; or
Any other line of insurance permitted under state law or regulation.
(Deleted by amendment, L. 2001, p. 1199, § 14, effective January 1, 2002.)
An insurance producer license for surplus lines may be issued to resident personspursuant 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 L. 2012: IP(1) amended and (1)(f) repealed, (HB 12-1266), ch. 280, p. 1494, § 9, effective July 1.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 102-207 as they existed prior to 1993.