Property state specific

Question 1

Director of Insurance

Answer 1

Oversees the operations of the Idaho Insurance Department
Enforces the Idaho insurance code
Examines insurers and issues certificates of authority
Issues insurance licenses
Approves insurance forms and rates

Question 2

Appointment

Answer 2

A licensee cannot act as a producer for an insurer unless they are appointed by the insurer
Insurers must submit appointment notices to the Director within 15 days of a producer’s appointment
The insurer is responsible or appointment and appointment renewal fees
An insurer that terminates an appointment must notify the Director within 30 days

Question 3

Domestic insurer

Answer 3

An insurer formed under the laws of Idaho.

Question 4

Foreign insurer

Answer 4

An insurer formed under the laws of another state

Question 5

Alien insurer

Answer 5

An insurer formed under the laws of a country other than the United States.