TITLE 41

INSURANCE

CHAPTER 58

PUBLIC ADJUSTER LICENSING ACT

41-5809.  Nonresident license reciprocity. (1) Unless denied licensure pursuant to sections 41-5810 or 41-5811, Idaho Code, a nonresident person shall receive a nonresident public adjuster license if:

(a)  The person is currently licensed as a resident public adjuster and in good standing in his or her home state;

(b)  The person has submitted the proper request for licensure, has paid the fees required by rule of the department adopted pursuant to section 41-5806(1)(g), Idaho Code, and has provided proof of financial responsibility as required in section 41-5812, Idaho Code;

(c)  The person has submitted or transmitted to the department the appropriate completed application for licensure; and

(d)  The person’s home state awards nonresident public adjuster licenses to residents of this state on the same basis.

(2)  The department may verify the public adjuster’s licensing status through the producer database maintained by the NAIC, its affiliates, or subsidiaries.

(3)  As a condition to continuation of a public adjuster license issued under this section, the licensee shall maintain a resident public adjuster license in his or her home state. The nonresident public adjuster license issued under this section shall terminate and be surrendered immediately to the department if the home state public adjuster license terminates for any reason, unless the public adjuster has been issued a license as a resident public adjuster in his or her new home state. Notification to the state or states where a nonresident license is issued must be made as soon as possible, within thirty (30) days of the change in new state resident license. The licensee shall include new and old addresses. A new state resident license is required for nonresident licenses to remain valid. The new state resident license must have reciprocity with the licensing nonresident state(s) for the nonresident license not to terminate.

History:

[41-5809, added 2008, ch. 179, sec. 1, p. 535.]