Property and Casualty Insurance Idaho Law Supplement (100% accurate answers)

Director examination of insurer at least once every ________ years correct answers 5 Maximum fine of ________ for an individual for each insurance code violation, imprisonment for ________ months or both correct answers $1000, 6 Maximum insurer insurance code fine per violation correct answers $5000 Maximum fine for transacting insurance without a license correct answers $15,000 Lapsed licenses may be reinstated within ________ (months) upon payment of fees and completion of CE credit hours correct answers 12 A nonresident producer must obtain a resident license within ________ days of moving to Idaho correct answers 90 A nonresident producer must file change of address within ________ days of moving to another state correct answers 30 Licensees must inform the Director of a change of address within ________ days of the change correct answers 30 Minimum age to obtain a producer's license correct answers 18 Minimum age to obtain an adjuster's license correct answers 21 Director must give a ________ day notice of hearings for producer violations correct answers 21 Maximum fine per producer violation correct answers $1000 Producer license may be suspended up to ________ (months) correct answers 12 Total CE hours required every two years correct answers 24 Number of hours required of ethics CE correct answers 3 Producers must maintain records of all transactions for ________ years correct answers 5 The insurer must file a notice of producer appointment within ________ days of the agency contract, or first insurance application correct answers 15 The Director must be notified within ________ days of the date of termination of appointment correct answers 30