Insurance Licensing Compliance Guide
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Idaho Insurance License

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Licensing requirements for Idaho insurance professionals and companies.

This page provides an overview of insurance licensing in Idaho for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.

Companies that provide insurance producer services in Idaho must apply for a license prior to doing business. Depending on the lines of authority offered by the entity and the types of services offered, multiple firm licenses may be required.

Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state firms, in anticipation of application requirements.

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Company Licenses

Idaho Financial Services Company Licenses

Idaho Collection Agency License

Agency:Idaho Department of Finance: Collection Agency Section
Foreign Qualification is Prerequisite:Yes
Bond Requirements:

$15,000 surety bond for each additional office.

Registered Agent (Special Agency) Required?Yes
Fact Checked:1/8/19

Initial Registration

Form:

Form CA1: Entity Application

Agency Fee:

$150 application fee + $20 per agent/responsible person in charge.

Notarize:Required
Fact Checked:1/8/19

Registration Renewal

Form:

Entity Renewal Application

Agency Fee:

$150 application fee

Due:

Annually by March 15.

Notes:

Along with the license renewal, agencies must submit the annual notification of agents form with the required fee.

Fact Checked:1/8/19

Amendment

Form:

Form CA1: Entity Application (Amendment)

Agency Fee:

$0

Notarize:Required
Fact Checked:1/8/19

Supplemental Reporting
Quarterly Notification of Agents

Form:

Collection Agency Quarterly Notification of Collectors/Agents Form

Agency Fee:

$20 for each newly added agent conducting Idaho activity.

Due:

Quarterly reports are due every June 15, September 15, and December 15.

Fact Checked:1/8/19

Supplemental Reporting
Annual Notification of Agents

Form:

Collection Agency Quarterly Notification of Collectors/Agents Form

Agency Fee:

$20 per active agent.

Due:

Annually by March 15.

Fact Checked:1/8/19

Idaho Independent Review Organization (IRO) Registration

Type of Review:

Medical Utilization Review

Agency:Idaho Department of Insurance
Fact Checked:7/26/18

Initial Registration

Agency:Idaho Department of Insurance
Form:

Application for Registration as an IRO

Agency Fee:

$500

Fact Checked:7/26/18

Registration Renewal

Agency:Idaho Department of Insurance
Form:

IRO Renewal Form

Agency Fee:

$300

Due:

Biennially by the date of issuance.

Fact Checked:7/26/18

Idaho Insurance Agency License

Agency:Idaho Department of Insurance
Fact Checked:1/8/16

Initial Registration

This section applies to insurance firms that are applying for a license in Idaho for the first time.

Agency:Idaho Department of Insurance
Form:

http://www.doi.idaho.gov/producer/licensing.aspx

Agency Fee:

Varies by insurance type. Baseline of $50

Fact Checked:1/8/16

Registration Renewal

This section applies to insurance firms that are already licensed in Idaho and need to renew their license.

Agency:Idaho Department of Insurance
Form:

http://www.doi.idaho.gov/producer/licensing.aspx

Agency Fee:

Varies by insurance type. Baseline of $50

Due:

Biennially

Fact Checked:1/8/16

Individual Licenses

Idaho Individual Financial Services Licenses

Idaho Insurance Agent License

Agency:Idaho Department of Insurance

Initial Registration

This section applies to insurance agents that are applying for a license in Idaho for the first time.

Agency Fee:

From $80 to $500 depending on license type

Fact Checked:6/1/17

Learn about insurance licensing in other states:

Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.

Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.

Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.

Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.

Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.

Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.

Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.

Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.

Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.

Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.

Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.

National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.

National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.

National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.

National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.

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