State RegulationsCO specificDifficulty 2/5
A producer licensed and in good standing in her home state wants to add a Colorado nonresident license. Under Colorado reciprocity rules and Reg. 1-2-5, within what period must she have held her home-state resident license to be exempt from Colorado's prelicensing education and examination requirements?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Colorado grants nonresident licenses on reciprocity to applicants holding a home-state license in good standing, and Reg. 1-2-5 exempts such applicants from prelicensing education and the examination when they held a home-state resident license within 90 days prior. If the PDB verification fails, a Letter of Clearance may document the home-state standing.
Why the other options are wrong
- A) Thirty days is not the reciprocity look-back; the exemption reaches home-state licensure within 90 days prior.
- C) Forty-five days is the premium-remit period of C.R.S. § 10-2-704(1), not the nonresident exemption window.
- D) One hundred twenty days relates to CE carryover timing, not to the nonresident education and examination exemption.
Memory hook
Home license within the last 90 days skips Colorado class and the exam.