10-2-405. Residency - individuals - agencies
ColoradoStatutes
Ask Donna
How this section applies to your facts.
CO Code › Title 10 › Article 2 › Part 4 › Section 10-2-405
Text
10-2-405. Residency - individuals - agencies. (1) The commissioner may qualify an applicant as a resident of this state and shall issue an insurance producer license to any qualified resident person of this state in accordance with the following:
(a) An individual applicant may qualify as a resident only if he or she resides in this state. Any license issued pursuant to any application claiming residency for licensing purposes shall constitute an election of residency in this state and shall be void if the licensee, while holding a resident license in this state, also holds or makes application for a license in or thereafter claims to be a resident of any other state or jurisdiction, or if the licensee ceases to be a resident of this state.
(b) An insurance agency or business entity may qualify as a resident if the agency has its principal office in this state;
(c) The resident person is in compliance with the requirements of section 10-2-404.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.