41-1017 — COMMISSIONS
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TITLE 41
INSURANCE
CHAPTER 10
PRODUCER LICENSING
41-1017. COMMISSIONS. (1) An insurance company or insurance producer
shall not pay a commission, service fee or other valuable consideration to a
person for selling, soliciting or negotiating insurance in this state if that
person is not duly licensed as required under this chapter.
(2) A person shall not accept a commission, service fee or other valuable
consideration for selling, soliciting or negotiating insurance in this state
if that person is not duly licensed as required under this chapter.
(3) Renewals or other deferred commissions may be paid to a person for
selling, soliciting or negotiating insurance in this state if that person was
duly licensed as required under this chapter at the time of the sale,
solicitation or negotiation.
(4) An insurer or insurance producer may pay or assign commissions,
service fees or other valuable consideration to any person, regardless of
whether that person is licensed as a producer, unless the payment or
assignment would violate a specific section of title 41, Idaho Code,
including, but not limited to, sections 41-1314 and 41-2708, Idaho Code, or
department rule.