TITLE 41

INSURANCE

CHAPTER 10

PRODUCER LICENSING

41-1012.  Exemption from examination. (1) An individual who applies for an insurance producer license in this state and who was previously licensed for the same lines of authority in another state shall not be required to complete any prelicensing examination if:

(a)  The person is currently licensed in another state; or

(b)  The application is received within ninety (90) days of the cancellation of the applicant’s previous license and the prior state issues a certification that:

(i)   At the time of cancellation, the applicant was in good standing in that state; or

(ii)  The state’s producer database records, as maintained by the national association of insurance commissioners or its affiliates or subsidiaries, indicate that the producer is or was licensed in good standing for the lines of authority requested.

(2)  A person licensed as an insurance producer in another state who moves to this state shall make application within ninety (90) days of establishing legal residence to become a resident licensee pursuant to section 41-1006, Idaho Code. No examination shall be required of that person to obtain any line of authority previously held in the prior state unless the director provides otherwise by rule.

History:

[41-1012, added 2001, ch. 296, sec. 3, p. 1053.]