Colorado Revised Statutes Title 10. Insurance § 10-4-1201. Definitions

(1) “Accredited state” means a state in which the insurance department has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the national association of insurance commissioners (“NAIC”).

(2) “Control” or “controlled” has the meaning set forth in section 10-3-801(3).

(3) “Controlled insurer” means a licensed insurer which is controlled, directly or indirectly, by a producer.

(4) “Controlling producer” means a producer who, directly or indirectly, controls an insurer.

(5) “Insurance department” means the commissioner or other government official or agency of a state other than Colorado exercising powers and duties substantially equivalent to those of the commissioner or the division.

(6) “Insurer” or “licensed insurer” means any person, firm, association, or corporation duly licensed to transact a property and casualty insurance business in this state. The following are not licensed insurers for the purposes of this part 12, and this list is not exclusive:

(7) “Producer” means an insurance broker or brokers or any other person, firm, association, or corporation when, for any compensation, commission, or other thing of value, such person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of any insurance contract on behalf of an insured other than the said person, firm, association, or corporation.