2005 Idaho Code - 41-1224 — SUSPENSION OR REVOCATION OF BROKER\'S LICENSE

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 12
                            UNAUTHORIZED INSURERS
                              AND SURPLUS LINES
    41-1224.  SUSPENSION OR REVOCATION OF BROKER'S LICENSE. (1) The director
may suspend or revoke any surplus line broker's license:
    (a)  If the broker fails to file his annual report or to remit the tax as
    required by this law; or
    (b)  If the broker fails to keep the records, or to allow the director to
    examine his records in this state as required by this law; or
    (c)  If the broker knowingly places a surplus line coverage in an insurer
    that is in unsound financial condition in  violation of section 41-1217,
    Idaho Code; or
    (d)  For any other applicable cause for which a producer's license may be
    suspended or revoked.
    (2)  The procedures provided by chapter 10, title 41, Idaho Code, for
suspension or revocation of licenses shall apply to suspension or revocation
of a surplus line broker's license.
    (3)  Upon suspending or revoking the broker's surplus line license the
director shall also suspend or revoke all other licenses of the same
individual under this code.
    (4)  No broker whose license has been so suspended or revoked shall again
be so licensed until any fines or delinquent taxes owing by him have been
paid, nor, in case of revocation, until after expiration of one (1) year from
date revocation became final.