State RegulationsCO specificDifficulty 1/5
A Boulder producer dies, and her family needs someone to service the agency's pending life policies while the estate settles. Under C.R.S. § 10-2-410(1), for how long may the Commissioner issue a temporary license without examination?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
C.R.S. § 10-2-410(1) permits the Colorado Commissioner of Insurance to issue a temporary license without examination for up to 180 days when a producer dies or becomes disabled, enters active military service, or when the public interest requires. The temporary license allows the business to be serviced or wound down without a full license transaction.
Why the other options are wrong
- A) The 6-month figure is a common misreading; the statutory maximum is 180 days under C.R.S. § 10-2-410(1).
- B) Ninety days is the window tied to home-state licensure for nonresident exemptions, not the temporary-license term.
- D) One year is the validity period of examination passing scores and prelicensing certificates, not the temporary-license term.
Memory hook
Temporary means 180 days, no exam, for death, disability, military, or public interest.