US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 9
                           INSURANCE ADMINISTRATORS
    41-913.  CERTIFICATE OF REGISTRATION -- FEES -- EXPIRATION -- RENEWAL --
REVOCATION. (1) No person shall act as or hold himself out to be an
administrator in this state, other than an adjuster licensed in this state for
the kinds of business for which such person is acting as an adjuster, unless
such person shall hold a valid certificate of registration as an administrator
issued by the director.
    (2)  An application for such certificate shall be in the form prescribed
by the director, and shall be accompanied by a fee as provided for by rule,
which fee is not refundable if the application is denied.
    (3)  Such certificate shall not be issued until the director has
determined that the administrator is competent, trustworthy, financially
responsible and of good personal and business reputation.
    (4)  Such certificate shall expire on the December 31 of the year
following its issuance, but may be renewed for a period of two (2) years
commencing January 1 upon filing a renewal form prescribed by the director,
accompanied by a fee as provided for by rule. Such renewal form shall be filed
on or before December 31. Any renewal form postmarked after December 31 shall
be accompanied by an additional late filing fee in the amount of double the
unpaid renewal fee. Any renewal postmarked after January 31 must be submitted
as a new application with supporting documents and accompanied by the full
application fee as provided for by rule.
    (5)  Such certificate shall be renewed by the director unless, after
notice and hearing, the director shall determine that the administrator is not
competent, trustworthy, financially responsible or of good personal and
business reputation, or has had an insurance license denied for cause by any
state.
    (6)  After notice and hearing, the director may either suspend or revoke
such certificate upon finding the administrator violated any of the provisions
of this title or upon finding any of the reasons for which the issuance or
renewal of such certificate could have been denied.
    (7)  Any person who is acting as or holding himself out to be an
administrator while failing to have a valid certificate shall be subject to a
fine of not less than one thousand dollars ($1,000) nor more than ten thousand
dollars ($10,000) for each violation. Such fine shall be in addition to any
other penalties which may be imposed for violations of this title or other
laws of this state.
    (8)  Any fines imposed pursuant to the provisions of this section shall be
remitted and accounted for as provided for by section 41-406, Idaho Code.