Colorado Insurance Prelicensing State Requirements

COLORADO INSURANCE PRELICENSING INFORMATION

Colorado requires potential agents take and complete a state approved prelicensing course before taking their licensing exam.

HOW DO I COMPLETE MY EXAMFX PRELICENSING EDUCATION COURSE?

To earn your certificate of completion, you must:

Complete and pass the certificate exam with a score of 70% or better with a proctor/disinterested third party present. The disinterested third party chosen by the licensee to monitor your simulated exam must have no financial interest in the success or failure of a licensee maintaining an insurance license and must not be a minor, relative, supervisor, or an employee under your line of supervision.

DON'T FORGET YOUR GUARANTEE EXAM!

ExamFX is so confident in the quality of its material that we offer our customers a first-time pass guarantee. If you don’t pass the first time around, we will refund your money. To qualify for this offer, you must pass our Guarantee Exam with a score of 80% to determine maximum exam readiness. While completing this portion of your online course is not required, we highly recommend taking this extra step.

HOW DO I GET MY LICENSE?

Step 1: Complete a prelicensing course that has been approved by the Department of Insurance. Once you have completed your course, ExamFX will issue a certificate of completion which you may download and print from your online ExamFX account. Certificate population may be delayed by a short period time due to need for proctor validation.

Step 2: Schedule your exam with your state’s testing provider, Pearson VUE. You may also schedule over the phone at (800) 274-2616. You must provide the training provider code (ExamFX training provider code is 50801) at the time of making their Pearson VUE licensing examination reservation. Your exam may be taken at a physical Pearson VUE examination center or via a remote online proctored exam. Exam fees must be paid at the time of reservation.

All pre-licensing requirements must be satisfied prior to passing the Pearson VUE examination for the exam scores to be valid. Passing scores are valid for one (1) year from the examination date and the license application must be received by Pearson VUE within one (1) year of passing the examination. To obtain your score report, log into your Pearson VUE account. For test center exams prior to August 6, 2020, contact customer service at (800) 274-2616 to request your score report.

Step 3: Take and pass your state licensing exam. On the day of your appointment you must bring with you two valid forms of government issued identification (driver’s license, passport, military I.D., etc.) which must contain your name and photograph. You will not be able to take your exam if these requirements are not met.

After the exam, results will be available immediately.

Step 4: Apply for your license. Colorado resident applicants may use the online application service at NIPR or with Sircon.

Step 5: Maintain your license by being aware of your continuing education requirements. Most insurance licenses must be maintained by completing a certain number of credit hours of continuing education each licensing period. ExamFX offers continuing education courses that will help you comply with your state’s requirements. Click here to view your state’s education rules and stay on top of your license.

WHAT WILL MY EXAM BE LIKE?

Your exam experience is dependent on the line of authority you are testing for. Carefully review the below examination breakdowns to learn important factors like:

the number of questions on your exam
the time limit
the subjects that you will be tested on
the score that you must achieve to pass the exam

Colorado Life Insurance Examination
95 Questions (80 scored, 15 pretest)
Time limit: 2 hours
Passing score: 70%

CHAPTER		PERCENTAGE OF EXAM

General Insurance:
Completing the Application, Underwriting, and Delivering the Policy		15%
Types of Life Policies		15%
Policy Riders, Provisions, Options, and Exclusions		23%
Taxes, Retirement, and Other Insurance Concepts		10%
State Law:
Colorado Statutes, Rules, and Regulations Common to All Lines		25%
Colorado Statutes, Rules, and Regulations Pertinent to Life Only		12%

Colorado Accident and Health Insurance Examination
96 Questions (80 scored, 16 pretest)
Time Limit: 2 hours
Passing score: 70%

CHAPTER		PERCENTAGE OF EXAM

General Knowledge:
Field Underwriting Procedures		11%
Types of Policies		18%
Policy Provisions, Clauses, and Riders		25%
Social Insurance		3%
Other Insurance Concepts		5%
State Law:
Colorado Statutes, Rules, and Regulations Common to All Lines		24%
Colorado Statutes, Rules, and Regulations Pertinent to Sickness and Accident Only		14%

Colorado Property Insurance Examination
90 Questions (75 scored, 15 pretest)
Time Limit: 2 hours
Passing Score: 70%

CHAPTER		PERCENTAGE OF EXAM

General Knowledge:
Insurance Terms and Related Concepts		19%
Policy Provisions and Contract Law		15%
Types of Policies		33%
State Law:
Colorado Statutes, Rules, and Regulations Common to All Lines		25%
Colorado Statutes, Rules and Regulations for Property and Casualty Only		5%
Colorado Statutes, Rules and Regulations Pertinent to Property Only		3%

Colorado Casualty Insurance Examination
96 Questions (81 scored, 15 pretest)
Time Limit: 2 hours
Passing Score: 70%

CHAPTER		PERCENTAGE OF EXAM

General Knowledge:
Insurance Terms and Related Concepts		17%
Policy Provisions		14%
Types of Policies, Bonds and Related Terms		31%
State Law:
Colorado Statutes, Rules, and Regulations Common to All Lines		23%
Colorado Statutes, Rules and Regulations for Property and Casualty Only		5%
Colorado Statutes, Rules and Regulations Pertinent to Casualty Only		10%

Colorado Personal Lines Insurance Examination
119 Questions (104 scored, 15 pretest)
Time Limit: 2 hours and 15 minutes
Passing Score: 70%

CHAPTER		PERCENTAGE OF EXAM

General Knowledge:
Property and Casualty Insurance Terms and Related Concepts		27%
Property and Casualty Policy Provisions and Contract Law		23%
Types of Property Policies		10%
Types of Casualty Polices		12%
State Law:
Colorado Statutes, Rules and Regulations Common to All Lines		18%
Colorado Statutes, Rules and Regulations for Property & Casualty Only		3%
Colorado Statutes, Rules and Regulations Pertinent to Property Only		2%
Colorado Statutes, Rules and Regulations Pertinent to Casualty Only		5%

I FAILED MY EXAM. NOW WHAT?

We are sorry to hear that you have failed your first attempt at passing your state’s licensing exam. These licensing exams are difficult and some candidates must try again to reach their goal. We want to help you get there, so we recommend that you:

Step 1: Reschedule your exam through the initial registration process after a 24 hour waiting period.

Step 2: ExamFX’s subject matter experts are available by email at [email protected] to help you pass your licensing exam on your next attempt. Many testing providers will supply you with a score report or performance summary after your testing appointment. Use this report to let the ExamFX subject matter experts know what areas of the exam that you are struggling the most with.

Step 3: Study your materials. ExamFX materials are created by analyzing the exact testing outline supplied by your testing provider or Department of Insurance. This means that all the information that you need to pass your exam is within your course. Be confident that with more studying, you can pass your licensing exam and achieve your goals!