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H0161...........................................................by BUSINESS SURPLUS LINES INSURERS - Amends existing law relating to surplus line insurers to remove language providing for license revocation by the director. 02/10 House intro - 1st rdg - to printing 02/11 Rpt prt - to Bus 02/22 Rpt out - rec d/p - to 2nd rdg 02/23 2nd rdg - to 3rd rdg 02/28 3rd rdg - PASSED - 67-0-3 AYES -- Anderson, Andrus, Barraclough, Barrett, Bastian, Bayer, Bedke, Bell, Bilbao, Black, Block, Boe, Bolz, Bradford, Cannon, Chadderdon, Clark, Collins, Crow, Deal, Denney, Edmunson, Ellsworth, Eskridge, Field(18), Field(23), Garrett, Hart, Harwood, Henbest, Henderson, Jaquet, Jones, Kemp, LeFavour, Loertscher, Martinez, Mathews, McGeachin, Miller, Mitchell, Moyle, Nielsen, Nonini, Pasley-Stuart, Pence, Raybould, Ring, Ringo, Roberts, Rusche, Rydalch, Sali, Sayler, Shepherd(2), Shepherd(8), Shirley, Skippen, Smith(30), Smith(24), Smylie, Snodgrass, Stevenson, Trail, Wills, Wood, Mr. Speaker NAYS -- None Absent and excused -- Lake, McKague, Schaefer Floor Sponsor - Snodgrass Title apvd - to Senate 03/01 Senate intro - 1st rdg - to Com/HuRes 03/18 Rpt out - rec d/p - to 2nd rdg 03/21 2nd rdg - to 3rd rdg 03/23 3rd rdg - PASSED - 34-0-0, 1 vacancy AYES -- Andreason, Brandt, Broadsword, Bunderson, Burkett, Burtenshaw, Cameron, Coiner, Compton, Corder, Darrington, Davis, Gannon, Geddes, Goedde, Hill, Jorgenson, Kelly, Keough, Langhorst, Little, Lodge, Malepeai, Marley, McGee, McKenzie, Pearce, Richardson, Schroeder, Stegner, Stennett, Sweet, Werk, Williams NAYS -- None Absent and excused -- (District 21 seat vacant) Floor Sponsor - Compton Title apvd - to House 03/24 To enrol 03/28 Rpt enrol - Sp signed 03/29 Pres signed 03/30 To Governor 04/05 Governor signed Session Law Chapter 267 Effective: 07/01/05
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]] Fifty-eighth Legislature First Regular Session - 2005 IN THE HOUSE OF REPRESENTATIVES HOUSE BILL NO. 161 BY BUSINESS COMMITTEE 1 AN ACT 2 RELATING TO SURPLUS LINE INSURERS; AMENDING SECTION 41-1218, IDAHO CODE, TO 3 REMOVE LANGUAGE PROVIDING FOR LICENSE REVOCATION BY THE DIRECTOR AND TO 4 MAKE A TECHNICAL CORRECTION. 5 Be It Enacted by the Legislature of the State of Idaho: 6 SECTION 1. That Section 41-1218, Idaho Code, be, and the same is hereby 7 amended to read as follows: 8 41-1218. ELIGIBLE SURPLUS LINE INSURERS -- PENALTY FOR VIOLATION. (1) For 9 any violation of section 41-1217, Idaho Code, the broker or a person who inde- 10 pendently procures its own insurance shall, upon conviction thereof, be guilty 11 of a misdemeanor punishable as provided in section 41-117, Idaho Code (general 12 penalty). If the director finds, after hearing, that the broker has violated13 such section he shall revoke all licenses held by him under this code, and14 shall not again license such individual under this code within a period of two15 (2) years after such revocation became final.16 (2) The director may impose an administrative penalty not to exceed fif- 17 teen thousand dollars ($15,000), for deposit in the general account of the 18 state of Idaho, upon any person or entity who transacts or who attempts to 19 transact insurance as a surplus lines insurer in violation of any provision of 20 chapter 12, title 41, Idaho Code. Failure of any such person or entity to pay 21 a fine imposed pursuant to the provisions of this section shall authorize the 22 director to seek enforcement of the fine, and any associated costs and attor- 23 ney's fees related to bringing the action, in any district court of this 24 state.
STATEMENT OF PURPOSE RS14506C1 This act deletes a portion of Section 41-1218(1), Idaho Code, which is in conflict with Section 41-1224, Idaho Code, relating to the regulation of surplus line insurance. Specifically, this legislation enacts a technical correction to Title 41 regarding the revocation of surplus line broker licenses. FISCAL NOTE This legislation will have no impact to the general fund. CONTACT: Name: Bradley J. Dixon Surplus Line Association Phone: (208) 385-5415 STATEMENT OF PURPOSE/FISCAL NOTE H 161