Licensing Requirements: Surplus lines insurers are required to be licensed under Idaho law. Idaho Code § 41-1223; Idaho Admin. Code § 18.01.17. As a resident, an applicant must be licensed as a
Does the state impose a fiduciary obligation on producers with respect to the handling of client funds (e.g. funds, monies, premiums and return premiums)? Yes. All premiums or return premiums
May producers both charge a fee and collect a commission in connection with transactions and services provided to a particular client? Insurance producers may charge a fee or be compensated
Before charging a fee to a consumer, an insurance producer must provide a written statement that describes the services that will be performed and the fees the insurance producer will
What entities are covered? “A city, county or state agency, individual or a commercial entity that conducts business in Idaho and that owns or licenses computerized data that includes personal
