Print Friendly HOUSE BILL NO. 459 – Insurance agent exam, application
HOUSE BILL NO. 459
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H0459........................................................by MR. SPEAKER
Requested by: Department of Insurance
INSURANCE AGENTS - EXAMINATIONS - Amends existing law to delete the
requirement that application to take the insurance agent, broker or
consultant license examination be filed ten days prior to the examination
date and to require that application for a license be filed with the
Department of Insurance within 180 days after successful completion of the
01/12 House intro - 1st rdg - to printing
01/12 Rpt prt - to Bus
01/30 Rpt out - rec d/p - to 2nd rdg
02/02 2nd rdg - to 3rd rdg
02/03 3rd rdg - PASSED - 68-0-2
AYES -- Alltus, Barraclough, Barrett, Bell, Bieter, Bivens,
Black(15), Black(23), Boe, Bruneel, Callister, Campbell, Chase,
Clark, Crane, Cuddy, Deal, Denney, Ellsworth, Field(13), Field(20),
Gagner, Geddes, Gould, Hadley, Hansen, Henbest, Hornbeck, Jones(9),
Jones(22), Jones(20), Judd, Kellogg, Kempton, Kendell, Kjellander,
Kunz, Lake, Linford, Loertscher, Mader, Marley, McKague, Meyer,
Miller, Mortensen, Newcomb, Pischner, Pomeroy, Reynolds, Richman,
Ridinger, Robison, Sali, Schaefer, Stevenson, Stoicheff, Stone,
Stubbs, Taylor, Tilman, Tippets, Trail, Watson, Wheeler, Wood,
Zimmermann, Mr Speaker
NAYS -- None
Absent and excused -- Crow, Jaquet
Floor Sponsor - Deal
Title apvd - to Senate
02/04 Senate intro - 1st rdg - to Com/HuRes
03/06 Rpt out - rec d/p - to 2nd rdg
03/09 2nd rdg - to 3rd rdg
03/16 3rd rdg - PASSED - 32-0-3
AYES--Andreason, Boatright, Bunderson, Burtenshaw, Cameron, Crow,
Danielson, Darrington, Deide, Dunklin, Frasure, Geddes, Hansen,
Hawkins, Ingram, Keough, King, Lee, McLaughlin, Noh, Parry,
Richardson, Riggs, Risch, Sandy, Schroeder, Sorensen, Stennett,
Thorne, Twiggs, Wheeler, Whitworth
Absent and excused--Branch, Ipsen, Sweeney
Floor Sponsor - Andreason
Title apvd - to House
03/17 To enrol
03/17 Rpt enrol - Sp signed
03/18 Pres signed - to Governor
03/19 Governor signed
Session Law Chapter 115
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-fourth Legislature Second Regular Session - 1998
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 459
BY MR. SPEAKER
Requested by: Department of Insurance
1 AN ACT
2 RELATING TO LICENSING OF INSURANCE AGENTS, BROKERS AND CONSULTANTS; AMENDING
3 SECTION 41-1038, IDAHO CODE, TO DELETE THE REQUIREMENT THAT AN APPLICATION
4 FOR EXAMINATION MUST BE FILED TEN DAYS PRIOR TO THE DATE OF EXAMINATION,
5 AND TO ADD THE REQUIREMENT THAT APPLICATION FOR LICENSURE WILL BE DENIED
6 IF NOT RECEIVED WITHIN ONE HUNDRED EIGHTY DAYS OF THE SUCCESSFUL COMPLE-
7 TION OF THE EXAMINATION.
8 Be It Enacted by the Legislature of the State of Idaho:
9 SECTION 1. That Section 41-1038, Idaho Code, be, and the same is hereby
10 amended to read as follows:
11 41-1038. EXAMINATION FOR LICENSE -- APPLICATION FOR EXAMINATION. (1) Each
12 person who applies for a license shall have taken or will take (unless
13 exempted therefrom under section 41-1039, Idaho Code) a personal written exam-
14 ination as to his competence to act as an agent, broker or consultant.
15 (2) Examination of an applicant for an agent's license shall cover all of
16 the kinds of insurance for which the applicant has applied to be licensed, as
17 constituted by any one (1) or more of the following classifications:
18 (a) Life insurance and annuity contracts.
19 (b) Disability insurance.
20 (c) Credit life and credit disability insurance under a limited license
21 under conditions described in section 41-1045, Idaho Code.
22 (d) Involuntary unemployment insurance under a limited license under con-
23 ditions described in section 41-1045, Idaho Code.
24 (e) Credit property insurance under a limited license under conditions
25 described in section 41-1045, Idaho Code.
26 (f) Motor vehicle physical damage insurance under a limited license under
27 conditions described in section 41-1045, Idaho Code.
28 (g) Vehicle insurance as defined in section 41-506(1)(a), Idaho Code.
29 (h) Property insurance as defined in section 41-504, Idaho Code.
30 (i) Marine and transportation insurance as defined in section 41-505,
31 Idaho Code.
32 (j) Casualty insurance as defined in section 41-506, Idaho Code.
33 (k) Surety insurance as defined in section 41-507, Idaho Code.
34 (3) An applicant for license as a life broker or life consultant must
35 take and pass an examination as to life insurance, disability insurance, and
36 annuity contracts. An applicant for license as a general lines broker must
37 take and pass an examination as to property, casualty, surety, and marine and
38 transportation insurances, as identified in subsection (2) of this section.
39 (4) An applicant for license as both a life agent or life broker and a
40 general lines agent or general lines broker shall be separately examined as to
41 life insurance and as to such general lines, and shall pay a separate examina-
42 tion application fee as to each of such two (2) examinations.
43 (5) If the applicant is a firm or corporation, the examination shall be
1 taken by each individual who is to be named in or registered as to the
2 license, as provided in section 41-1036, Idaho Code.
3 (6) If the applicant for license as a life agent or life broker is to be
4 authorized also to transact variable annuities or variable life insurance
5 business, the director shall ascertain that the applicant has met all state
6 and federal qualifications as to such variable contracts.
7 (7) Written a A pplication and payment of
8 fees specified in section 41-401, Idaho Code, for the examination shall
9 be filed with made to the director or his designee
10 by or on behalf of the applicant . not less than ten (10)
11 days prior to the date fixed for the examination, as provided in section
12 41-1041, Idaho Code, and shall be accompanied by the fee for such application
13 as specified in section 41-401, Idaho Code (fee schedule). This application
14 fee is earned when paid, and is not subject to refund. If the applicant does
15 not take the examination within ninety (90) days after applying therefor, a
16 new application and fee shall be required as to a subsequent examination
17 Applications for licensure not received by the department within
18 one hundred eighty (180) days of the successful completion of the examination
19 shall be denied .
STATEMENT OF PURPOSE
The proposed legislation would eliminate the requirement that an application to take an
insurance agent, broker or consultant license examination must be received by the
department ten (10) days prior to the date for the examination. This will allow more
flexibility in the scheduling of the examination by applicants. The legislation also provides
that an application for license must be received by the department within one hundred
eighty (180) days of the successful passing of the examination for the passing score to
Name: James M. Alcorn
Agency: Department of Insurance
Statement of Purpose/Fiscal Impact