US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 10
                              PRODUCER LICENSING
    41-1008.  PRODUCER LICENSE. (1) Unless denied licensure pursuant to
section 41-1016, Idaho Code, persons who have met the requirements of sections
41-1006 and 41-1007, Idaho Code, shall be issued an insurance producer
license. An insurance producer may receive qualification for a license in one
(1) or more of the following lines of authority:
    (a)  Life insurance coverage on human lives, including benefits of
    endowment and annuities, benefits in the event of death or dismemberment
    by accident, and benefits for disability income;
    (b)  Disability, including accident and health or sickness insurance
    coverage for sickness, bodily injury or accidental death and benefits for
    disability income;
    (c)  Property insurance coverage for the direct or consequential loss or
    damage to property of every kind;
    (d)  Casualty insurance coverage against legal liability, including
    liability for death, injury or disability or damage to real or personal
    property;
    (e)  Variable life and variable annuity products, meaning insurance
    coverage provided under variable life insurance contracts and variable
    annuities;
    (f)  Personal lines, meaning property and casualty insurance coverage sold
    to individuals and families for primarily noncommercial purposes;
    (g)  Any other line of insurance permitted under state laws or rules.
    (2)  An insurance producer license shall remain in effect unless revoked
or suspended as long as the renewal fee promulgated by the director pursuant
to section 41-401, Idaho Code, is paid and the continuing education
requirements for resident insurance producers are met in accordance with
section 41-1013, Idaho Code.
    (3)  An individual insurance producer who allows his or her license to
lapse may, within twelve (12) months from the due date of the renewal fee,
reinstate the same license without passing a written examination unless the
licensee would otherwise be required to retest under section 41-1013(7), Idaho
Code. However, a penalty in the amount of double the unpaid renewal fee shall
be required for any renewal fee received after the due date.
    (4)  A licensed insurance producer who is unable to comply with license
renewal procedures due to military service or some other extenuating
circumstance, such as a long-term medical disability, may request that the
director waive those procedures. The producer may also request a waiver of any
examination requirement or any other fine or sanction imposed for failure to
comply with renewal procedures.
    (5)  The license shall contain the licensee's name, address, personal
identification number, the date of issuance, the lines of authority, the
expiration date and any other information the director deems necessary.
    (6)  Licensees shall inform the director by any means acceptable to the
director of a change of address within thirty (30) days of the change. A
business entity licensed as a producer shall inform the director by any means
acceptable to the director of any change in ownership, officers, directors or
the designated licensed producer responsible for compliance pursuant to
section 41-1007(2)(b), Idaho Code.
    (7)  In order to assist in the performance of the director's duties, the
director may contract with nongovernmental entities, including the national
association of insurance commissioners or its affiliates or subsidiaries, to
perform any ministerial functions related to producer licensing, including the
collection of fees, that the director and the nongovernmental entity may deem
appropriate.