# C.R.S. § 10-2-405: 10-2-405. Residency - individuals - agencies

> Colorado · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-405

## Section

- **Citation:** C.R.S. § 10-2-405
- **Heading:** 10-2-405. Residency - individuals - agencies
- **Jurisdiction:** Colorado
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** 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.

## Nearby sections

- [C.R.S. § 10-2-401 10-2-401. License required](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-401.md)
- [C.R.S. § 10-2-402 10-2-402. License examination requirement](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-402.md)
- [C.R.S. § 10-2-403 10-2-403. Exemption from license examination](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-403.md)
- [C.R.S. § 10-2-404 10-2-404. Application for license](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-404.md)
- [C.R.S. § 10-2-405 10-2-405. Residency - individuals - agencies](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-405.md)
- [C.R.S. § 10-2-406 10-2-406. Licensing of agencies](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-406.md)
- [C.R.S. § 10-2-407 10-2-407. License - definitions of lines of insurance - authority](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-407.md)
- [C.R.S. § 10-2-408 10-2-408. License - contents - continuation due date](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-408.md)
- [C.R.S. § 10-2-409 10-2-409. License - amendment - reissuance](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-409.md)
- [C.R.S. § 10-2-410 10-2-410. Temporary licensing](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-410.md)
- [C.R.S. § 10-2-411 10-2-411. Duplicate license](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-411.md)
- [C.R.S. § 10-2-412 10-2-412. Change of address - notification](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-412.md)
- [C.R.S. § 10-2-413 10-2-413. Fees](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-413.md)
- [C.R.S. § 10-2-414 10-2-414. Additional lines of authority - application for license](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-414.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A2_P4_S10-2-405. Check the current official text before relying on it. Not legal advice.