What Are The General Requirements For Licensure In The State Of Idaho?

Effective July 1, 2001 the Producer Licensing Bill, HB35, will become law. This is a major change to Idaho's licensing laws. The following is a list of some of the changes that will occur:

Agent, Broker and Consultant licenses will be converted to a single Producer license. The law defines all individuals who sell, solicit or negotiate insurance or annuity products as "producers."
The law states that if an individual or firm is a licensed producer appointed by an insurer, that individual is acting as an agent for the insurer. If the licensed producer is not appointed, he or she would be acting as a broker on behalf of a client.
There will no longer be a requirement to have an appointment prior to initial licensing. In addition, appointing companies are not required to do a background check under Idaho law.
There is no requirement for a Producer to carry a bond under the new law.
When acting as a Producer, the new law does not allow for the charging of any fees in addition to, and outside of, the premium, as stated in the contract of insurance.
Effective July 1, 2001, the fee for a new producer's license and for the biennial renewal of the license will be a flat fee of $80.00.
Fees for letters of certification or clearance will no longer be charged. However, if a Producer applies for a license in a state that has passed the Producer Licensing Model Law, the state will use the NAIC Producer Data Base to verify licensing status and paper certification will not be required.
If a Producer is acting as an agent for an insurer, the Producer must be appointed within 15 days of date of the contract or the writing of the initial insurance application. The requirements of the Idaho Code regarding surplus lines brokers remain unchanged.

Other Idaho Insurance FAQs

Q: Where Can I Obtain Insurance Licensing Information?
A: You may obtain licensing information from the Idaho Department of Insurance: Address: State of Idaho Department of Insurance 700 West State St., Third Floor PO Box … More
Q: How Can I Obtain The Required Forms For Insurance Licensing?
A: Agent Licensing Forms are available from the Department of Insurance Website. You can also obtain Company Admissions information and Uniform Certificate of Authority … More
Q: What Are The Licensing Fees?
A: Business and Individual Producer license application fee (This single fee covers all lines of insurance) $80 Business and Individual Producer license renewal fee $80 … More
Q: Are There Any Pre-Licensing Examinations That I Must First Take?
A: Yes. The examinations are administered by Assessment Systems, Inc. (ASI): Address: Assessment Systems, Inc. (ASI) Idaho Insurance PO Box 8588 Philadelphia, PA … More
Q: How Do I Know How Many Continuing Education Hours I Will Need To Renew My License?
A: The new changes to CE Rule 53 provide that new resident agents will be required to obtain 40 hours of continuing education. Starting with the fourth 2year renewal … More
Q: What Do I Need To Do If I Have An Address Or Name Change Or If I Change Agencies?
A: For individual or business address changes, please complete the following form: Individual and Business Address Change and submit it to the Department of Insurance.
Q: I Am Moving To Another State. What Do I Need Form The Idaho Department Of Insurance?
A: Some states require Letter of Certification when a license is applied for or renewed. Use this form for your request: Letters of Certification Request for … More
Q: How Do I Renew My License?
A: Beginning January 1, 2002, the Department of Insurance (DOI) will be offering Producers, Surplus Lines Brokers, Adjusters and Third Party Administrators the … More