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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:
(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.
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.
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:
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:
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:
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.