Urgent: Report
BOI before the federal deadline to avoid $591/day penalties. File before 1/1/2025
Days Hours Minutes Seconds until the deadline. Act now to allow time for info collection and filing delays.
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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.
List of all partners, officers, directors, members, managers
List of all parties owning 10% or more of the business
Certificate of Existence/ Good Standing from your home state (we will pull this)
Certificate of Existence or proof of Good Standing from the state in which you are applying (we will pull this)
A copy of your articles of incorporation/ organization
A copy of your bylaws or operating agreement
A copy of your home state license
In some states: Entity(s) organizational Chart
Audited financial statements from the last two years.
If consolidated, additional worksheets may be required
If you do not have an audit, additional reporting may be required.
A detailed business plan
Includes information on staffing levels and activities, proposed in this state and nationwide.
The plan must provide details setting forth the applicant’s capability for providing a sufficient number of experienced and qualified personnel in the areas of claims processing, recordkeeping and underwriting
A letter of good standing from a financial institution Usually addressed to the Department of Insurance and includes the accounts the company have with the bank, the purpose of the accounts, and that the accounts are in good standing
Filing fees depend on your individual situation. We do our best to calculate your filing fees
upfront and collect those fees today so we can get started. Your specialist will determine your
exact filing fees and invoice additional fees if required.
