Idaho Code 41-4813 – Duty of Agents or Brokers to Obtain License
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 41-4813
- Director: means the director of the department of insurance of this state or the director, commissioner, or superintendent of the department of insurance of any other state. See Idaho Code 41-4803
- Insurance: means primary insurance, excess insurance, reinsurance, surplus lines insurance, or any other arrangement for shifting and distributing risk which is determined to be insurance under this code. See Idaho Code 41-4803
- person: includes a corporation as well as a natural person;
Idaho Code 73-114Purchasing group: means any group which:
Idaho Code 41-4803Risk retention group: means any corporation or other limited liability association:
Idaho Code 41-4803State: means any state of the United States or the District of Columbia. See Idaho Code 41-4803
Any person acting, or offering to act, as an agent or broker for a risk retention group or purchasing group, which solicits members, sells insurance coverage, purchases coverage for its members located within the state or otherwise does business in this state shall, before commencing any such activity, obtain a license from the director.