How To Get An Insurance License in Colorado
The first step to launching your business as an independent producer is obtaining your insurance license.
If you live in Colorado, you will need to apply for a Resident Producer's License with the Colorado Division of Insurance (DOI).
To sell Medicare plans with ABC Medicare Plans, you will need to obtain an Accident & Health license. The Life Insurance license is not required, but many agents complete their requirements since most of the pre-licensing study courses cover that material.
You also may need a Life License to enroll your clients in additional coverage beyond Medicare plans.
The first step to getting licensed is to sign up for a study course that will help you prepare for the exam.
We recommend using LicenseCoach.com, an online study course (Discount Code:ABC4400).
As an ABC Medicare Plans candidate, you will receive a $140 discount when you enter our coupon code (see instructions below).
Several vendors and certified instructors also conduct live training sessions. You may find a list of those at www.sircon.com/colorado.
1) Enrollment instructions for LicenseCoach:
- Go to www.licensecoach.com and click "SIGN UP"
- Select Insurance Certification
- Choose your "State" and click "Go".
- Select your course
- Enter the coupon code ABC4400 in the appropriate box and click "Apply"
- Your ABC-discounted pricing is $59.99
- Normal website pricing is $199.00. That is a $140.00 savings!
- Enter your personal information
- Enter your payment information and click on "Place Order Now" to complete your purchase and begin studying.
2) Schedule your exam
After your pre-licensing class is completed you will receive a course completion certificate that is needed in order
to take the test. Your pre-licensing provider should provide information about how to schedule an
examination. You can also visit http://www.pearsonvue.com/co/insurance/ for information or to
schedule the exam. There are several testing sites across the sate and you are free to choose where to take the exam.
You may also review this DOI Candidate Information Booklet that outlines the entire process.
Exam Cost: $48
3) Take your exam
Your exam will consist of multiple-choice questions and will be taken on a computer at the testing location.
After submitting your exam, your results will be provided before you leave the location.
If you pass and qualify for a license, you will be provided with certification that will be needed to apply for your actual license.
If you fail, you will be allowed to reschedule your next attempt. Information will be provided to you each time before you leave the facility.
4) Apply for your Colorado license
You must apply and be issued a Colorado insurance license in order to sell, solicit, or negotiate (or adjust) insurance in the state of Colorado. If an exam was required, allow 3 business days for Pearson Vue to provide the exam results to the Colorado Department of Insurance (DOI) electronically prior to applying.
We recommend APPLYING ONLINE.
License Fee $57
*Print and retain a copy of the application for your records and to serve as a receipt.
5) DOI will review your application
Submitting an application does not mean that a license was approved or issued. You will be notified (by the contact email address entered on the application) when the application is approved or if the DOI needs additional information. You may check the status of a license online using the License Application Status tool.
Most applications are processed in under five business days. If your application needs more in-depth review due to the information provided, it may take fifteen business days, on average, to process.