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Idaho Insurance License Requirements

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Requirements for Idaho Resident Individual License (Paper Application)

The application can be downloaded for completion through the Idaho Department of Insurance website:  http://www.naic.org/documents/committees_d_plwg_indapp.doc

At a minimum, Idaho state residents who want to acquire a producer license must be:
1. At least eighteen (18) years of age.
2. Currently living in and a legal resident of Idaho.
3. Trustworthy and of good character and reputation as to morals, integrity, financial responsibility.  He or she may not have been convicted of or pled guilty to a felony or a misdemeanor.

(A disqualifying misdemeanor is one that evidences (a) bad moral character, dishonesty,  or a lack of integrity and financial responsibility; or (b) an unfitness and inability to provide  acceptable service to the consuming public.)

The requirement that the individual must not have been convicted of a felony or a misdemeanor may be waived by the director at his discretion if the director finds that the individual has been rehabilitated and is otherwise qualified to hold the license.

4. Competent and have a thorough understanding of the business to be transacted under the license applied for, and pass any written examination required.

Applicants must also submit fingerprints as may be required and pay the required fees.

Exam Requirement
Applicants for licensing as a producer or adjuster must pass an examination that tests qualifications and competence before a license will be issued.

Applicants can submit original test scores and a fingerprint receipt from Pearson Vue.  Contact Pearson Vue at www.pearsonvue.com or at 888.204.62118 to exams and fingerprints.

Fingerprinting
Fingerprinting is completed through PearsonVue.  However, If there are problems with getting fingerprints done through PearsonVue, please contact the Idaho Department of Insurance at 208-334-4250 and ask for help from producer licensing.

In order to submit manual fingerprints a FD-258 card must be obtained and taken to your local State Police.  Once the fingerprints are acquired, attach the card to the app, along with an extra $60 for the FBI background check. Manual fingerprint cards are more expensive and result in a slower return of FBI results.  There is also the possibility of rejected cards and possible redo’s. It is strongly recommended that applicants get fingerprinted electronically through PearsonVue to avoid these extra expenses and delays.  It is required if the applicant is within a 100 mile radius of a test center offering fingerprint services. A license for a resident will not be issued before the FBI report is returned.

Applicants may be exempt from an application if they meet the following requirements:
1. An applicant who applies for an insurance producer license in this state and who was previously licensed for the same lines of authority in another state shall not be required to complete any prelicensing examination if:
(a) An applicant is currently licensed in another state;
or
(b) The applicant submits the application within ninety (90) days of the cancellation of the applicant’s previous license and the prior state issues a certification that:
 (i) At the time of cancellation, the applicant was in good standing in that state; or
 (ii) The state’s producer database records, as maintained by the national association of
 insurance commissioners or its affiliates or subsidiaries, indicate that the producer is or
 was licensed in good standing for the lines of authority requested.

Fees
The fee for Producer/Adjuster/Surplus Lines/Limited Lines license is $80. Please submit a check or money order made payable to: Idaho Department of Insurance
If you wish to add lines to an existing license there is no fee. Submit the Add Lines Request form with current license.

Other Requirements
Applicants who are moving to Idaho to become a resident producer may submit a Letter of Clearance from the former state of resident in lieu of exam scores.  The applicant must relicense as a resident within 90 days of moving here and within 90 days of cancelling the license from the former state of residence. A fingerprint receipt from PearsonVue will still need to be submitted with the application.

A signed letter of explanation and appropriate court documents for any ‘yes’ answers to background questions on page 3 of the application needs to be attached to the application as well.

Mail completed and signed application with any additional required items to:
Idaho Department of Insurance
700 W. State Street, 3rd Floor
P. O. Box 83720
Boise ID 83720-0043

For Questions or additional information and requirements please contact the Idaho Department of Insurance at: 208-334-4250 and ask for Producer Licensing or by visiting the website:  http://www.doi.idaho.gov/producer/licensing.aspx.


Securities License Requirements

Any securities professional associated with a member firm-including partners, officers, directors, branch managers, department supervisors, and salespersons-must register with the Financial Industry Regulatory Authority (FINRA). The registration application requires information about the individual's prior employment and disciplinary history. FINRA prescribes two levels of qualification and registration:

  • Registered representatives, generally sales personnel
  • Principals, generally officers of the firm and other management personnel involved in the day-to-day operation of the firm's investment banking or securities business

As part of the registration process, securities professionals must pass examinations administered by FINRA to demonstrate competence in the areas in which they will work. These mandatory qualification examinations cover a broad range of subjects on the markets, as well as the securities industry and its regulatory structure, ensuring a minimum level of understanding and expertise. For additional information, you should consult with your broker-dealer management team. You may also visit FINRA's website for detailed information.



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