Idaho Personal Lines Insurance License Exam — All Questions

Which agency issues resident personal lines insurance producer licenses in Idaho?

• a.Idaho Department of Insurance✓
• b.Idaho Insurance Commission
• c.Idaho Department of Financial Institutions
• d.The federal Department of Insurance

Insurance in Idaho is regulated at the state level by the Idaho Department of Insurance, led by a Director, which licenses producers, reviews rates and forms, and enforces the state insurance code. There is no federal insurance department. Source: Idaho Department of Insurance (https://doi.idaho.gov/).

After a producer is licensed in Idaho, what generally must occur before he or she can transact business for a specific insurer?

• a.Nothing further; the license alone authorizes sales for any insurer
• b.The insurer must appoint the producer, and the appointment is filed with the Idaho Department of Insurance✓
• c.The producer must post a personal surety bond with the state treasurer
• d.The producer must complete five supervised sales on a temporary permit

A license lets a person act as a producer, but to represent a particular company that insurer must appoint the producer, with the appointment recorded by the Idaho Department of Insurance. A producer may hold appointments from several insurers at once. This follows the NAIC producer-licensing model Idaho adopts.

Which statement about continuing education (CE) for resident personal lines producers in Idaho is correct?

• a.Resident producers must complete state-approved CE each renewal cycle to keep the license active; confirm the exact hours and ethics requirement with the Idaho Department of Insurance✓
• b.CE is optional and only suggested for newly licensed producers
• c.CE must be completed once, in the first year, and never again
• d.Passing the licensing exam permanently exempts a producer from CE

Like other states, Idaho requires resident producers to complete approved continuing education every renewal cycle, typically including an ethics component, before renewing. Specific hour totals change, so verify the current CE requirement with the Idaho Department of Insurance (https://doi.idaho.gov/).