41-1224. SUSPENSION OR REVOCATION OF BROKER’S LICENSE. (1) The director may suspend or revoke any surplus line broker’s license:
(a) If the broker fails to file his annual report or to remit the tax as required by this law; or
(b) If the broker fails to keep the records, or to allow the director to examine his records in this state as required by this law; or
(c) If the broker knowingly places a surplus line coverage in an insurer that is in unsound financial condition in violation of section 41-1217, Idaho Code; or
(d) For any other applicable cause for which a producer’s license may be suspended or revoked.
(2) The procedures provided by chapter 10, title 41, Idaho Code, for suspension or revocation of licenses shall apply to suspension or revocation of a surplus line broker’s license.
(3) Upon suspending or revoking the broker’s surplus line license the director shall also suspend or revoke all other licenses of the same individual under this code.
(4) No broker whose license has been so suspended or revoked shall again be so licensed until any fines or delinquent taxes owing by him have been paid, nor, in case of revocation, until after expiration of one (1) year from date revocation became final.
History:
[41-1224, added 1961, ch. 330, sec. 268, p. 645; am. 1972, ch. 164, sec. 4, p. 376; am. 1997, ch. 108, sec. 3, p. 254; am. 2002, ch. 91, sec. 8, p. 230.]
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.