41-1223. LICENSING OF SURPLUS LINE BROKERS. (1) Any individual while licensed as a producer licensed for property or casualty insurance who has had at least two (2) years’ experience as a producer for the lines of insurance for which he is seeking to be licensed as a surplus line broker, and who is deemed by the director to be competent and trustworthy with respect to the handling of surplus lines, may be licensed as a surplus line broker.
(2) Application for the license shall be made to the director on forms as designated and furnished by the director.
(3) The license and continuation fee shall be as set forth by rule pursuant to section 41-401, Idaho Code.
(4) The license and licensee shall be subject to the applicable provisions of chapter 10, title 41, Idaho Code (producer licensing).
(5) When a national insurance producer database of the national association of insurance commissioners, or other equivalent uniform national database, for the licensure of surplus line brokers is created, the director may participate in such database.
History:
[41-1223, added 1961, ch. 330, sec. 267, p. 645; am. 1972, ch. 164, sec. 3, p. 376; am. 1976, ch. 118, sec. 3, p. 458; am. 2001, ch. 296, sec. 5, p. 1063; am. 2002, ch. 91, sec. 7, p. 230; am. 2011, ch. 183, sec. 4, p. 521.]
Structure Idaho Code
Chapter 12 - UNAUTHORIZED INSURERS AND SURPLUS LINES
Section 41-1201 - REPRESENTING OR AIDING UNAUTHORIZED INSURER PROHIBITED.
Section 41-1202 - REPRESENTING OR AIDING UNAUTHORIZED INSURER PROHIBITED — PENALTY.
Section 41-1203 - SUITS BY UNAUTHORIZED INSURER PROHIBITED.
Section 41-1204 - UNAUTHORIZED INSURERS PROCESS ACT — TITLE — INTERPRETATION.
Section 41-1205 - PURPOSE OF PROCESS ACT.
Section 41-1206 - ACTS CONSTITUTING DIRECTOR AS PROCESS AGENT.
Section 41-1207 - HOW PROCESS IS SERVED — DEFAULT JUDGMENT.
Section 41-1208 - DEFENSE OF ACTION BY UNAUTHORIZED INSURER.
Section 41-1209 - UNAUTHORIZED INSURER FAILING TO PAY CLAIM — ATTORNEY FEES.
Section 41-1210 - EXEMPTIONS FROM PROCESS ACT.
Section 41-1211 - SURPLUS LINE LAW — SHORT TITLE — PURPOSE.
Section 41-1212 - EXEMPTIONS FROM SURPLUS LINE LAW.
Section 41-1213 - DEFINITIONS.
Section 41-1214 - CONDITIONS FOR EXPORT.
Section 41-1215 - BROKER’S AFFIDAVIT.
Section 41-1216 - OPEN LINES FOR EXPORT.
Section 41-1217 - ELIGIBLE SURPLUS LINES INSURERS.
Section 41-1218 - ELIGIBLE SURPLUS LINE INSURERS — PENALTY FOR VIOLATION.
Section 41-1219 - EVIDENCE OF THE INSURANCE — CHANGES — PENALTY.
Section 41-1220 - ENDORSEMENT OF CONTRACT.
Section 41-1221 - SURPLUS LINE INSURANCE VALID.
Section 41-1222 - LIABILITY OF INSURER AS TO LOSSES AND UNEARNED PREMIUMS.
Section 41-1223 - LICENSING OF SURPLUS LINE BROKERS.
Section 41-1224 - SUSPENSION OR REVOCATION OF BROKER’S LICENSE.
Section 41-1226 - ACCEPTANCE OF BUSINESS FROM AGENTS.
Section 41-1227 - RECORDS OF BROKER.
Section 41-1228 - ANNUAL REPORT OF BROKER.
Section 41-1229 - TAX ON SURPLUS LINES.
Section 41-1230 - FAILURE TO FILE REPORT OR REMIT TAX — PENALTY.
Section 41-1231 - LEGAL PROCESS AGAINST SURPLUS LINE INSURER.
Section 41-1232 - RULES AND REGULATIONS.
Section 41-1233 - REPORT AND TAX OF INDEPENDENTLY PROCURED COVERAGES.
Section 41-1234 - RECORDS OF INSUREDS.
Section 41-1235 - FALSE ADVERTISING ACT.
Section 41-1236 - MISREPRESENTATION BY UNAUTHORIZED INSURER.