A producer must remit premiums to the insurer within ___ days after receipt.

In Colorado, the law requires that a producer must remit premiums to the insurer within 45 days after receiving them. This regulation is in place to ensure a timely transfer of funds, providing protections for both the policyholder and the insurer. Timely remittance helps maintain the flow of cash within the insurance framework and ensures that coverage is active without unnecessary delays.

The other options fall short of this legal requirement, with timeframes that either do not align with the regulations or do not give enough time for the producer to process the premiums adequately before remitting them to the insurer. Hence, understanding the 45-day rule is essential for producers to comply with Colorado’s insurance laws.