US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 10
                              PRODUCER LICENSING
    41-1003.  DEFINITIONS. (1) "Business entity" means a corporation,
association, partnership, limited liability company, limited liability
partnership or other legal entity.
    (2)  "Home state" means the District of Columbia and any state or
territory of the United States or any province of Canada in which an insurance
producer maintains his or her principal place of residence or principal place
of business and is licensed to act as an insurance producer.
    (3)  "License" means a document issued by the director authorizing a
person to act as an insurance producer for the lines of authority specified in
the document. The license itself does not create any authority, actual,
apparent or inherent, in the holder to represent or commit an insurance
carrier.
    (4)  "Limited lines insurance" is insurance which restricts the authority
of the license to less than the total authority prescribed in the associated
major lines pursuant to section 41-1008(1)(a) through (g), Idaho Code, and
shall include, but not be limited to: credit life, credit disability, credit
property, credit unemployment, involuntary unemployment, mortgage life,
mortgage guaranty, mortgage disability, guaranteed automobile protection (GAP)
insurance, transportation baggage insurance, transportation ticket policies
covering personal accident insurance, pet insurance, or any other line of
insurance that the director deems necessary to recognize for the purposes of
complying with section 41-1009(5), Idaho Code.
    (5)  "Limited lines producer" means a producer authorized by the director
to sell, solicit or negotiate limited lines insurance.
    (6)  "Negotiate" means the act of conferring directly with or offering
advice directly to a purchaser or prospective purchaser of a particular
contract of insurance concerning any of the substantive benefits, terms or
conditions of the contract, provided that the person engaged in the act either
sells insurance or obtains insurance from insurers for purchasers.
    (7)  "Person" means an individual or a business entity.
    (8)  "Producer" means a person required to be licensed under the laws of
this state to sell, solicit or negotiate insurance.
    (9)  "Resident" means a person whose home state is Idaho or any other
particular state identified in conjunction with the use of the term.
    (10) "Sell" means to exchange a contract of insurance by any means, for
money or its equivalent, on behalf of an insurance company.
    (11) "Solicit" means attempting to sell insurance or asking or urging a
person to apply for a particular kind of insurance from a particular company
or companies.
    (12) "Terminate" means the cancellation of the relationship between an
insurance producer and the insurer or the termination of a producer's
authority to transact insurance for or on behalf of an insurer.
    (13) "Uniform application" means the current version of the national
association of insurance commissioners (NAIC) uniform application for resident
and nonresident producer licensing.
    (14) "Uniform business entity application" means the current version of
the NAIC uniform business entity application for resident and nonresident
business entities.