Colorado Life & Health Insurance License Exam Overview
The Colorado Life & Health Insurance License Exam is administered by Prometric on behalf of the Colorado Division of Insurance (DOI). Colorado is the twenty-first largest state by population but one of the fastest-growing, with Denver serving as a major economic hub in the Mountain West.
Passing this exam qualifies you to sell life insurance, health insurance, annuities, and related products throughout Colorado—a state with nearly 6 million residents, a booming economy, and strong outdoor lifestyle culture that creates unique insurance needs.
Exam Format at a Glance
| Component | Details |
|---|---|
| Total Questions | 150 multiple-choice |
| Scored Questions | 150 |
| Time Limit | 2 hours |
| Passing Score | 70% (105 correct answers) |
| Testing Vendor | Prometric |
| Exam Fee | $54 |
| Pre-licensing Education | 50 hours required |
Why Get Licensed in Colorado?
- Fast-growing market — Nearly 6 million and rapidly expanding
- Denver metro boom — Major corporate relocations and growth
- Active lifestyle — Strong demand for health and disability products
- High income levels — Strong demand for life and investment products
- Competitive compensation — Average agent salary over $66,000
📚 Start Your FREE Colorado Life & Health Exam Prep
Ready to begin studying? Our comprehensive, completely free Colorado Life & Health exam prep covers everything you need to pass.
→ Start FREE Colorado Life & Health Exam Prep
Key Topics Covered on the Exam
1. Life Insurance Fundamentals (30-35%)
Types of Life Insurance:
- Term Life (level, decreasing, renewable, convertible)
- Whole Life (ordinary, limited pay, single premium)
- Universal Life (flexible premiums, adjustable death benefit)
- Variable Life (securities-based, separate account)
Policy Provisions Under Colorado Law:
| Provision | Colorado Requirement |
|---|---|
| Grace Period | 31 days minimum |
| Incontestability | 2 years |
| Suicide Clause | 2 years |
| Free Look Period | 10 days (30 days for seniors) |
| Reinstatement | 3 years |
| Misstatement of Age | Adjustment of benefits |
Beneficiary Designations:
- Primary and contingent beneficiaries
- Revocable vs. irrevocable designations
- Per stirpes vs. per capita distribution
- Colorado estate considerations
2. Health Insurance Fundamentals (30-35%)
Major Medical Coverage:
- Deductibles, copays, coinsurance
- Out-of-pocket maximums
- Network types (HMO, PPO, EPO, POS)
- Essential health benefits under ACA
Colorado-Specific Health Topics:
- Connect for Health Colorado (state-based exchange)
- Health First Colorado (Medicaid)
- CHP+ (Colorado CHIP program)
- Mental health parity requirements
Disability Income Insurance:
- Short-term vs. long-term disability
- Own occupation vs. any occupation definitions
- Elimination periods and benefit periods
- Social Security integration
Long-Term Care Insurance:
- Benefit triggers (ADLs, cognitive impairment)
- Colorado Long-Term Care Partnership
- Tax-qualified policies
- Inflation protection options
3. Annuities (15-20%)
- Fixed vs. variable annuities
- Immediate vs. deferred annuities
- Accumulation and annuitization phases
- Colorado annuity suitability requirements
- Surrender charges and free withdrawal provisions
- 1035 exchanges and tax implications
4. Colorado Insurance Code and Regulations (15-20%)
Title 10 C.R.S. Key Provisions:
- Producer licensing requirements
- Unfair trade practices
- Unfair claims settlement practices
- Replacement regulations
- Advertising guidelines
Licensing Requirements:
- Pre-licensing education: 50 hours
- Continuing education: 24 hours every 2 years
- Ethics requirement: 3 hours included in CE
- Background check and fingerprinting required
Producer Responsibilities:
- Fiduciary duties to clients
- Premium handling requirements
- Record retention (5 years)
- Reporting changes within 30 days
5. Ethics and Professional Conduct (10-15%)
- Suitability and needs analysis
- Disclosure requirements
- Privacy and confidentiality (HIPAA compliance)
- Anti-rebating and anti-twisting rules
- Handling complaints and grievances
Study Timeline for Success
| Week | Focus Area | Hours |
|---|---|---|
| Week 1-2 | Life insurance products and provisions | 14-16 |
| Week 2-3 | Health insurance and ACA | 14-16 |
| Week 3-4 | Annuities and specialty products | 8-10 |
| Week 4-5 | Colorado regulations (Title 10) | 8-10 |
| Week 5-6 | Practice exams and review | 12-15 |
Total recommended study time: 60-70 hours
🎯 Free Practice Questions Available
Test your knowledge with hundreds of free practice questions designed specifically for the Colorado Life & Health exam.
→ Access FREE CO Life & Health Practice Questions
Colorado-Specific Exam Tips
1. Know Your Colorado Laws
The exam tests Colorado-specific regulations:
- Title 10 C.R.S. — Colorado Insurance Code
- DOI — Division of Insurance
- Connect for Health Colorado — State health marketplace
- Commissioner powers — Enforcement authority
2. Master the Numbers
| Topic | Colorado Requirement |
|---|---|
| Grace period | 31 days |
| Free look period | 10 days (30 for seniors) |
| Incontestability | 2 years |
| CE requirement | 24 hours/2 years |
| Pre-licensing | 50 hours |
| Passing score | 70% |
| Record retention | 5 years |
3. Understand Connect for Health Colorado
Colorado's state-based health insurance marketplace:
- Open enrollment periods (November-January)
- Special enrollment qualifications
- Subsidy and tax credit eligibility
- Plan tier options (Bronze through Platinum)
4. Focus on Active Lifestyle Market
Colorado's outdoor culture creates unique needs:
- Disability income for active professionals
- Accident insurance demand
- Health coverage for adventure activities
- Life insurance for mountain sports enthusiasts
Common Mistakes to Avoid
- Underestimating pre-licensing — 50 hours is higher than most states
- Ignoring state exchange — Colorado has its own marketplace
- Skipping health insurance — It's equal weight to life insurance
- Forgetting senior protections — Colorado has enhanced rules for 65+
- Not practicing timed exams — 2 hours for 150 questions is tight
- Cramming last minute — Spread study over 5-6 weeks
After Passing Your Exam
- Apply for license through Colorado DOI online portal
- Complete fingerprinting — Required for all applicants
- Pay license fee — $50 for resident license
- Affiliate with insurer — Get appointed by carrier
- Maintain CE compliance — 24 hours every 2 years
- Begin selling — Your license is valid for 2 years
2026 Colorado Updates
For 2026, be aware of:
- Connect for Health Colorado marketplace updates
- Colorado Option public insurance developments
- Enhanced telehealth coverage requirements
- Updated producer appointment rules
Start Your Colorado Insurance Career Today
The Colorado Life & Health license opens doors to one of the nation's fastest-growing insurance markets. With proper preparation, you can pass the exam on your first attempt.
→ Begin FREE Colorado Life & Health Exam Prep Now
Our free study materials include:
- ✅ Complete topic coverage
- ✅ Practice questions with explanations
- ✅ Colorado-specific regulations (Title 10 C.R.S.)
- ✅ Study guides and summaries
- ✅ AI-powered study assistance
Don't pay for expensive prep courses when everything you need is available FREE.