How To Become An Insurance Agent In Colorado
Getting your insurance license is the first step to becoming an insurance agent in Colorado. Life insurance, car insurance, home insurance, or business insurance all require a license to sell in any state.
Follow our step-by-step guide to get your insurance license in Colorado.
How To Get Your Insurance License In Colorado
Step 1. Which Types of Insurance Licenses Do You Need?
Depending on what type of insurance agent you want to be or what types of policies you need to sell, you will need to choose what type or types of insurance licenses you need to get.
These are examples of the types of insurance policies you can sell with each type of license:
- Property & Casualty Insurance License – Car Insurance, Home Insurance, Business Insurance, etc…
- Life & Health Insurance License – Life Insurance, Annuities, Health Insurance, etc…
Most insurance agents choose to get both of these licenses, but if you will only sell one type of policy then you just need to choose which license fits your needs.
Step 2. Insurance Pre-License Education
After you’ve determined which licenses you need, you must now take your Colorado insurance pre-license education courses.
Most folks choose to take their insurance pre-license course online. These courses are created specifically to give you the skills you need to pass the test. The types of licenses you choose (also known as “lines of authority”) will determine which courses you take.
Each line of authority in Colorado requires fifty (50) hours of pre-license education. This means if you are going to get all four lines, you will need two hundred ten 210 hours of education prior to testing.
You will receive a certificate upon completion of the course. Keep this certificate, as you will need it when taking your exam.
Colorado requires that you must complete ten (10) hours in the following subjects once (not per line)
- Principals of Insurance: 3 hours
- Legal Concepts and Regulations: 4 hours
- Ethics: 3 hours
Step 3. Colorado Insurance License Exams
The next step after completing all of your pre-license coursework is to take the insurance exam. You will take one exam for each line of insurance you wish to carry. Life, Accident, & Health (LA&H) and Property & Casualty (P&C) are a total of four lines. Pearson Vue in Colorado offers these four exams in two “back to back” exams, so you will essentially take four tests, but if you pass them on your first try, you will only have to sit for exams twice. This option does not shorten the exams, but it does allow you to save the fee for one exam sitting.
You must pass your exams within one year of completing your pre-license education course. Colorado offers what is called “partial pass” for these exams. This means that if you take one of the exams and pass one part, but not the other, you will receive a waiver for the parts that you have passed on the next attempt at the exam.
This is a proctored test, which means that you will be in a controlled environment with a person watching you. For people who haven’t tested in a situation like this should be aware of this fact, and work on taming their nerves prior to sitting for the exam.
The fee for each attempt of the exams is $48 for each “back to back producer exam” (P&C and LA&H). When you show up you must have a photo ID and the original pre-license education certificate. Each “back to back” exam will be four (4) parts. An outline of each exam is available on this Pearson Vue PDF.
To explain the scoring of this exam, we will quote Pearson Vue:
The passing score of an examination was set by the Division (in conjunction with Pearson VUE) after a comprehensive study was completed for each examination. Raw scores are converted into scaled scores that can range from 0 to 100. To avoid misuse of score information, numeric scores are only reported to fail candidates. The scaled score that is reported to you is neither the number of questions you answered correctly nor the percentage of questions you answered correctly. Any score below passing score indicates how close the candidate came to passing, rather than the actual number or percentage of questions the candidates answered correctly.Pearson Vue
Check out our Insurance Exam Guide. It’s extremely in-depth, and will hopefully help you pass the first time.
Insurance license tests are intentionally difficult, but not impossible by any means. You should study to the point of comfortability with the information before you attempt the test. Failing the exam isn’t the end of the world, but keep in mind that you will need to pay the fee each time you attempt the test.
Note: StateRequirement recommends that you study for one exam at a time, then after passing, starting on your next line. The exams are difficult enough on their own without confusing information from one line to another.
You may register to take your exams and find more information on the Pearson Vue Colorado website.
Step 4. License Application
Once you have completed your exams, you are now ready to apply for your license. If you have more than one line of authority that you have passed the exam for, be sure to apply for all of those lines.
The fee for an online application is $89 plus a $5 NIPR service fee for a total of $94 per line of authority. Even if you took your pre-license education and the “back to back” exams as combined lines, Property, Casualty, Life, and Accident & Health are counted as four (4) separate lines when applying.
Fill out your online application on the Sircon Colorado web page.
Step 5. Application Review
Once you have submitted your application and have filled all the other requirements, your license application will be reviewed by the state. Your background check will also be reviewed.
If everything is to acceptable standards your license should be issued within three (3) days. If there are any items from your background check that need to be reviewed, it may slow down the process of issuance. If this is the case, the state may contact you to provide context to the issues that they have run into.
You should receive an email informing you of your license acceptance. If three (3) days pass after submitting your application and you haven’t received an email, contact the Colorado Insurance License Office at (303) 894-7499.
You may look your license up yourself in the Sircon Colorado License Lookup Tool.
You’ve done the work, put in the time and effort, and now hold the key to your own success! We’re proud of you. Take five (5) minutes and celebrate.
Colorado Department Of Insurance Contact Information
Division of Professions and Occupations
1560 Broadway, Suite 1350
Denver, Colorado 80202
Phone: (303) 894-7499
Fax: (303) 894-7693
Email: [email protected]
Information on this page has been gathered by a multitude of sources and was most recently updated on January 2020.Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. StateRequirement and its members and affiliates are not responsible for any losses, monetary or otherwise. For more information, please contact your state's authority on insurance. Disclosure: StateRequirement has an affiliation with Kaplan Education company, and may receive compensation based on user activity on this site. We truly believe that Kaplan offers excellent products and services, and compliments the mission of StateRequirement.