(I) Must be in the minimum amount of twenty thousand dollars;
(II) Must be in favor of this state and must specifically authorize recovery by the commissioner on behalf of any person in this state who sustained damages as the result of the applicant's erroneous acts, failure to act, conviction of fraud, or conviction of unfair practices in his or her capacity as a public adjuster; and
Source: L. 95: Entire section added, p. 90, § 5, effective March 30. L. 2013: Entire section amended, (HB 13-1062), ch. 61, p. 202, § 4, effective January 1, 2014.
Structure Colorado Code
Part 4 - Licensing and Appointment of Insurance Producers
§ 10-2-402. License Examination Requirement
§ 10-2-403. Exemption From License Examination
§ 10-2-404. Application for License
§ 10-2-405. Residency - Individuals - Agencies
§ 10-2-406. Licensing of Agencies
§ 10-2-407. License - Definitions of Lines of Insurance - Authority
§ 10-2-408. License - Contents - Continuation Due Date
§ 10-2-409. License - Amendment - Reissuance
§ 10-2-410. Temporary Licensing
§ 10-2-412. Change of Address - Notification
§ 10-2-414. Additional Lines of Authority - Application for License
§ 10-2-414.5. Travel Insurance - Limited Lines License - Travel Insurance Producers - Definitions
§ 10-2-415.5. Appointment of Insurance Producer - Continuation - Renewal - Exceptions
§ 10-2-415.7. Termination of Insurance Producer Bail Bonding Agent - Notice - Penalty