Business Entities (also known as agencies and/or firms) are required to be licensed in Idaho if they sell,
solicit, or negotiate (act as a producer) insurance products in Idaho. Each entity must provide a Designated
Responsible Licensed Producer (DRLP) who is responsible for the entity’s compliance with Idaho insurance laws
and rules. Entities must also register with the Idaho Secretary of State. Specific license types may have
other requirements. See Checklist for Application section for further information.
Idaho Code in Connection with Business Entities
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Not all inclusive. Please refer to Chapter 10 for further definitions.
- Business entity means a corporation, association, partnership, Limited Liability Company, limited
liability partnership or other legal entity. Not to be confused with a Company (an insurer or carrier.)
- Company is the insurer or carrier of insurance providing products for sale.
- Producer means a person required to be licensed under the laws of this state to sell, solicit or
negotiate insurance. We refer to business entities as producers as well.
- DRLP – Designated Responsible Licensed Producer is an individual responsible for the business entity's
compliance with the insurance laws and rules of this state.
- Service of Process is a process whereby nonresident producers shall appoint the director as their agent
for purposes of receiving service of legal process issued against the producer in this state upon causes of action
arising within this state out of transactions under the license.
- DBA or Assumed Business Name is any name other than the true name of any formally organized or
registered entity, under which name the entity holds itself out for the transaction of business in the state