Idaho Insurance License
Licensing requirements for Idaho insurance professionals and companies.
This page provides an overview of insurance licensing in Idaho for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.
Companies that provide insurance producer services in Idaho must apply for a license prior to doing business. Depending on the lines of authority offered by the entity and the types of services offered, multiple firm licenses may be required.
Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state firms, in anticipation of application requirements.
Company Licenses
Idaho Financial Services Company Licenses
Idaho Collection Agency License
Initial Registration
| Form: | |
| Agency Fee: | $150 application fee + $20 per agent/responsible person in charge. |
| Notarize: | Required |
Registration Renewal
| Form: | |
| Agency Fee: | $150 application fee |
| Due: | Annually by March 15. |
| Notes: | Along with the license renewal, agencies must submit the annual notification of agents form with the required fee. |
Amendment
| Form: | |
| Agency Fee: | $0 |
| Notarize: | Required |
Supplemental Reporting
Quarterly Notification of Agents
| Form: | Collection Agency Quarterly Notification of Collectors/Agents Form |
| Agency Fee: | $20 for each newly added agent conducting Idaho activity. |
| Due: | Quarterly reports are due every June 15, September 15, and December 15. |
Supplemental Reporting
Annual Notification of Agents
| Form: | Collection Agency Quarterly Notification of Collectors/Agents Form |
| Agency Fee: | $20 per active agent. |
| Due: | Annually by March 15. |
Idaho Insurance Agency License
| Agency: | Idaho Department of Insurance |
Initial Registration
This section applies to insurance firms that are applying for a license in Idaho for the first time.
| Agency: | Idaho Department of Insurance |
| Form: | |
| Agency Fee: | Varies by insurance type. Baseline of $50 |
There are three types of licensure available to TPA’s. Please review the options and apply for the one that best fits your operations:
- Idaho Home State TPA license:
- a license allows a TPA to administer insurance or self-funded coverage. A TPA in any State may apply for an Idaho Home State TPA license under Idaho Code § 41-911.
- Non-Resident TPA license: a TPA licensed in a recognized State may apply for an Idaho Non-Resident TPA license. Recognized States under Idaho Code § 41-912 include the following. If not licensed in a recognized State, apply for an Idaho Home State TPA license:
- Delaware
- Indiana
- Kansas
- West Virginia
- Florida
- Missouri
- New Hampshire
- TPA Registration: registration allows a TPA to administer coverage provided only by self-funded plans not regulated by title 41, Idaho Code. To administer insurance coverage requires a TPA license.
Idaho Third Party Administrator License
| Agency: | Idaho Department of Insurance |
Initial Registration
| Filing Method: | |
| Agency Fee: | $300 |
| Before you Apply: | General Documentation Requirements
|
| Bond Amount: |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $160 |
| Due: | Biennially by December 31. |
Individual Licenses
Idaho Individual Financial Services Licenses
Idaho Insurance Agent License
| Agency: | Idaho Department of Insurance |
Initial Registration
This section applies to insurance agents that are applying for a license in Idaho for the first time.
| Agency Fee: | From $80 to $500 depending on license type |
Registration Renewal
| Filing Method: | |
| Agency Fee: | Varies depending on license type |
| Due: | Biennially by the last day of initial registration month. |
Learn about insurance licensing in other states:
Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.
Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.
Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.
Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.
Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.
Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.
Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.
Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.
Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.
Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.
Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.
National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.
National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.
National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.
National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.
