2005 Idaho Code - 41-337 — RESIDENT AGENT, COUNTERSIGNATURE LAW

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 3
                          AUTHORIZATION OF INSURERS
                           AND GENERAL REQUIREMENTS
    41-337.  RESIDENT AGENT, COUNTERSIGNATURE LAW. (1) Except as provided in
section 41-338, Idaho Code, no authorized insurer shall make, write, place or
cause to be made, written or placed, any policy or contract of insurance or
indemnity of any kind or character, or a general or floating policy covering
risks on property located in Idaho, liability created by or accruing under the
laws of this state, or undertakings to be performed in this state, except
through its resident insurance agents licensed as provided in this code, who
shall countersign or cause a facsimile of his signature to be placed on all
policies or indemnity contracts so issued, and who shall keep a record of the
same, containing the usual and customary information concerning the risk
undertaken and the full premium paid or to be paid therefor, to the end that
the state may receive the taxes required by law to be paid on premiums
collected for insurance on property or undertakings located in this state.
When two (2) or more insurers issue a single policy of insurance the policy
may be countersigned on behalf of all insurers appearing thereon by a licensed
agent, resident in this state, of any one such insurer.
    (2)  The agent may grant a power of attorney in writing to an individual
who is twenty-one (21) years or more of age authorizing such person to
countersign or cause a facsimile of the agent's signature to be placed on
policies and indorsements in his name and behalf. The power of attorney shall
be acknowledged by the agent under oath before a notary public and shall be
kept on file in the agent's office.