PENALTY FOR TRANSACTING INSURANCE WITHOUT PROPER LICENSING.

  1. Law
  2. Idaho Code
  3. INSURANCE
  4. SCOPE OF INSURANCE CODE — GENERAL PROVISIONS
  5. PENALTY FOR TRANSACTING INSURANCE WITHOUT PROPER LICENSING.

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41-117A. PENALTY FOR TRANSACTING INSURANCE WITHOUT PROPER LICENSING. The director may impose an administrative penalty not to exceed fifteen thousand dollars ($15,000), for deposit in the general account of the state of Idaho, upon any person who transacts insurance of any kind or character or transmits for a person, other than himself, an application for a policy of insurance without proper licensing, or after such licensing shall have been suspended or revoked.

History:

[41-117A, added 1988, ch. 169, sec. 1, p. 299.]


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