How to Renew a Colorado Insurance License
Updated: November 1, 2022
A.D. Banker Provider #: 50007
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On this page, you’ll find a comprehensive guide to renewing your Colorado insurance license. At A.D. Banker & Company, we’re here to walk you through the process and make completing your continuing education requirements as easy and painless as possible.
We offer several different study methods to cater to your needs and help you grow as an insurance professional. Whether you’re interested in learning the latest topics in insurance CE webinars, or having unlimited access to our online CE courses, we strive to provide options that fit around your busy schedule. Each of our courses are designed to not only be straightforward and simple, but also valuable to your career.
To begin the renewal process, you will need to complete 3 steps listed below.
1. Review the State Requirements
The first step to renewing your insurance license is to review Colorado’s CE requirements.
Depending on which lines of insurance you’re licensed in, the continuing education hours you’re required to complete will vary.
All hours must be completed and reported prior to your license renewal date to avoid a lapse in your license.
General Requirements
What is the renewal date for my insurance license?
The renewal date occurs every 2 years on the last day of your birth month.
How many total hours of CE do I need to complete?
Producers are required to complete 24 total hours every 2 years.
What courses can I take to satisfy my total hour requirement?
You must take at least 18 hours in the license type held. In addition, you must complete at least 3 hours that are approved as Ethics.
For instance, if you're a personal lines broker or a limited lines automobile agent, you can take any approved property and casualty course.
If you're a producer with a life license, you can take courses approved as life.
Can I take any continuing education course?
No. You can only take courses that are approved for the line(s) of insurance you are licensed to sell.
Do extra hours completed in a previous CE period carry over?
A maximum of 12 hours may be carried over to the next renewal period as long as they were completed within 120 days before the compliance deadline.
Excess Ethics and Homeowners courses carry over as general credits.
Can I repeat Continuing Education courses for credit?
No, you may not repeat courses for credit in a two-year period.
Courses must be taken at least 24 months apart.
Am I exempt from Continuing Education?
The following individuals are exempt from completing CE requirements:
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Newly licensed producers are exempt for the first compliance period
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Nonresidents (must comply with LTC training requirements to market LTC products)
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Producers licensed as one or more of the following lines:
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Professional Bail Bondsperson
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Title
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Credit
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Crop Hail
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Limited Insurance Representative/Travel Ticket
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HMO
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Nonprofit Hospital Surgical Medical
Other exemptions exist for:
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Full-time, salaried employees of a title insurer
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Salaried solicitors or agents of a mortgage insurer who receives no commission
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An officer of an insurer
If you believe you qualify for an exemption, contact the Colorado Department of Insurance at (303) 894-7499 or submit an email inquiry.
The toll free number for outside Denver Metro is (800)-930-3745.
Life & Health Producer Product-specific Requirements
Prior to selling, soliciting or negotiating the following products, you’re required to complete initial certification training. These training hours can be applied towards the total hours needed to renew your license.
What are the requirements to sell annuities?
Annuity Best Interest Training
4 hrs - Resident and non-resident producers licensed on or after November 1, 2022, must complete a one-time 4-Hour Annuity Best Interest Certification Training course before selling, soliciting, or negotiating annuities.
Reciprocity: NAIC Annuity Best Interest training completed in any other state reciprocate with the Colorado requirement.
What are the requirements to sell long-term care products?
Producers licensed in Accident & Health or Sickness must complete 16 hours of initial Long-Term Care (LTC) Certification Training before selling, soliciting or negotiating Long-Term Care (LTC) products.
Producers must continue to complete a 5-hour LTC refresher course every 24 months after the initial training. These 5 hours must be completed in a classroom or webinar setting. Neither the 8-hour LTC Colorado Partnership Webinar, nor the 8-hour General LTC online courses satisfy the ongoing training requirement, unless BOTH (all 16 hours) are taken together at the 24-month mark.
Property & Casualty Producers Product-specific Requirements
Prior to selling, soliciting or negotiating the following products, you’re required to complete initial certification training. These training hours can be applied towards the total hours needed to renew your license.
What are the requirements to sell flood insurance?
Property/Casualty producers must complete a one-time 3-hour NFIP Flood Insurance Certification Training course prior to selling flood insurance policies.
What are the requirements to sell homeowners insurance?
Property/Casualty and Personal Lines producers who sell or negotiate homeowners insurance are required to complete a 3-hour homeowners valuation training course every 2 years.
What are the requirements to sell claims-made policies?
Producers wanting to sell claims-made policies must complete a one-time 2-hour course on claims-made policies prior to selling.
2. Register for and Complete Courses
Once you have determined the renewal requirements for your license, you are ready to choose and register for insurance continuing education courses.
You may complete your hours through webinars, online courses, or any combination of the two, with some exceptions.
These options allow you to decide how to best fit your continuing education into your existing schedule.
Each course is listed with an associated credit type. You must select courses that have the appropriate credit types for fulfilling the renewal requirements for your license.
Webinars: Completion is based on attendance and participation. You must be present for the full duration of the course, and you must be active throughout to receive credit. There is no certification exam required.
Online courses: Completion is self-paced. You must review the course material and pass the Certification Exam at the end to receive credit. Online exams are required to be monitored by a disinterested third party (a person with no family or financial relationship).
A.D. Banker will report your completed hours to Sircon within 1 business day.
3. File a Renewal Application
Once you have completed your courses and satisfied the renewal requirements for your license, you will need to file a renewal application. The online application will guide you through the renewal process. Upon successful renewal, your licensing record will be updated on the Colorado Department of Insurance's website, and your renewed license can be immediately obtained through Sircon.
We're Here to Help
Ready to start fulfilling your continuing education requirements? Get started online now or call A.D. Banker’s direct enrollment line at 1-(800)-866-2468. Courses can be completed online and through live webinars. A.D. Banker’s customer care team is available to assist with any questions and create a course plan for you.
Course completions are automatically reported daily and are approved to satisfy LTC, AML, Annuity Suitability, Flood, Ethics, and other state-specific requirements.
Frequently Asked Questions
How do I find my license number?
You may find your insurance license number through Sircon.
How do I print my license?
Your license can be printed online through Sircon.
How do I view my Continuing Education (CE) transcript?
Your continuing education transcript can be accessed by making an inquiry through Sircon. Your transcript will show the number of hours you’ve completed.
What do I need to have with me when I’m renewing my license?
When you are ready to renew your license online, you should gather the following items to ensure the smoothest process possible:
If you did not receive a renewal notice, you can still complete your online renewal using the last 4 digits of your social security number, your license number, and your date of birth.
How will I know when my license is renewed?
Once you have successfully completed the renewal process, your renewed license can be immediately obtained using the state’s Print or Download Your License service.
Your licensing record will be updated on the Colorado Department of Insurance's website.
What if my license renewal is late?
If your license renewal is late, a $29 penalty fee is required to late renew your license.
This fee is applied to each line of authority you will renew.
In Colorado, you have one calendar year from the expiration date of your license to renew an expired license.
During this time, you will not be able to transact insurance business until the license is renewed.
If the expired license is not renewed within one year, you will need to complete a new prelicensing education and pass the qualifying exam.
For additional information on late renewals, consult the Colorado Department of Insurance.
A.D. Banker & Company provides licensing information as a courtesy to our students. While reasonable attempts have been made to ensure the accuracy of this information, licensees are ultimately responsible for ensuring that they are in compliance with the requirements set forth by their state licensing entity. A.D. Banker & Company offers no guarantee of the accuracy of this information and will not be held liable in case of noncompliance with the license requirements.