41-1007. APPLICATION FOR PRODUCER LICENSE. (1) A person applying for a resident insurance producer license shall make application to the director on the uniform application and declare under penalty of refusal, suspension or revocation of the license that the statements made in the application are true, correct and complete to the best of the applicant’s knowledge and belief. Before approving the application, the director shall find that the applicant:
(a) Is at least eighteen (18) years of age;
(b) Has submitted the applicant’s fingerprints as may be required by the director;
(c) Has not committed any act that is a ground for denial, suspension or revocation of the license as set forth in title 41, Idaho Code;
(d) Has paid the fees prescribed by the director pursuant to section 41-401, Idaho Code; and
(e) Has successfully passed the examinations for the lines of authority for which the applicant has applied.
(2) A business entity acting as an insurance producer is required to obtain an insurance producer license. Application shall be made using the uniform business entity application. Before approving the application, the director shall find that:
(a) The business entity has paid the fees prescribed by the director pursuant to section 41-401, Idaho Code; and
(b) The business entity has designated a licensed producer, who is an individual responsible for the business entity’s compliance with the insurance laws and rules of this state.
(3) The director may require any documents which are reasonably necessary to verify the information contained in an application.
(4) Each insurer that sells, solicits or negotiates any form of limited line insurance shall provide to each individual whose duties will include selling, soliciting or negotiating limited lines insurance a program of instruction that may be required to be approved by the director. If acceptable to the director, and as stated by rule, the program of instruction may be administered in place of the examination as required in section 41-1006, Idaho Code. In addition, such course of instruction may be administered in place of any continuing education requirements pursuant to section 41-1013, Idaho Code.
History:
[41-1007, added 2001, ch. 296, sec. 3, p. 1050.]
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