US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 10
                              PRODUCER LICENSING
    41-1015.  TEMPORARY LICENSING. (1) The director may issue a temporary
insurance producer license for a period not to exceed one hundred eighty (180)
days without requiring an examination if the director deems that the temporary
license is necessary for the servicing of an insurance business in the
following cases:
    (a)  To the surviving spouse or court-appointed personal representative of
    a licensed insurance producer who dies or becomes mentally or physically
    disabled in order to allow adequate time for the sale of the insurance
    business owned by the producer or for the recovery or return of the
    producer to the business or to provide for the training and licensing of
    new personnel to operate the producer's business;
    (b)  To a member or employee of a business entity licensed as an insurance
    producer upon the death or disability of an individual designated in the
    business entity application or the license;
    (c)  To the designee of a licensed insurance producer entering active
    service in the armed forces of the United States of America; or
    (d)  Pursuant to section 41-1011, Idaho Code, or in any other circumstance
    where the director deems the public interest will best be served by the
    issuance of the temporary license.
    (2)  The director may by order limit the authority of any temporary
licensee in any way deemed necessary to protect insureds and the public. The
director may require the temporary licensee to have a suitable sponsor who is
a licensed producer or insurer and who assumes responsibility for all actions
of the temporary licensee, and may impose other similar requirements designed
to protect insureds and the public. The director may by order revoke a
temporary license, without the right to a prior hearing, if the interests of
insureds or the public are endangered. A temporary license may not continue
after the owner or the personal representative disposes of the business.