Idaho § 41-1224 SUSPENSION OR REVOCATION OF BROKER’S LICENSE

Idaho Statutes

§ 41-1224 — SUSPENSION OR REVOCATION OF BROKER’S LICENSE

Idaho § 41-1224

Title 41INSURANCE

Ch. 12UNAUTHORIZED INSURERS AND SURPLUS LINES

This text of Idaho § 41-1224 (SUSPENSION OR REVOCATION OF BROKER’S LICENSE) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 41-1224 (2026).

Text

(1)The director may suspend or revoke any surplus line broker’s license:

(a)If the broker fails to file his annual report or to remit the tax as required by this law; or

(b)If the broker fails to keep the records, or to allow the director to examine his records in this state as required by this law; or

(c)If the broker knowingly places a surplus line coverage in an insurer that is in unsound financial condition in violation of section 41-1217, Idaho Code; or

(d)For any other applicable cause for which a producer’s license may be suspended or revoked.

(2)The procedures provided by chapter 10, title 41, Idaho Code, for suspension or revocation of licenses shall apply to suspension or revocation of a surplus line broker’s license.

(3)Upon suspending or revoking the broker’s surplus lin

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(1) The director may suspend or revoke any surplus line broker’s license:
(a) If the broker fails to file his annual report or to remit the tax as required by this law; or
(b) If the broker fails to keep the records, or to allow the director to examine his records in this state as required by this law; or
(c) If the broker knowingly places a surplus line coverage in an insurer that is in unsound financial condition in violation of section 41-1217, Idaho Code; or
(d) For any other applicable cause for which a producer’s license may be suspended or revoked.
(2) The procedures provided by chapter 10, title 41, Idaho Code, for suspension or revocation of licenses shall apply to suspension or revocation of a surplus line broker’s license.
(3) Upon suspending or revoking the broker’s surplus line license the director shall also suspend or revoke all other licenses of the same individual under this code.
(4) No broker whose license has been so suspended or revoked shall again be so licensed until any fines or delinquent taxes owing by him have been paid, nor, in case of revocation, until after expiration of one (1) year from date revocation became final.

Legislative History

[41-1224, added 1961, ch. 330, sec. 268, p. 645; am. 1972, ch. 164, sec. 4, p. 376; am. 1997, ch. 108, sec. 3, p. 254; am. 2002, ch. 91, sec. 8, p. 230.]