Idaho § 41-1224
Full text of Idaho Idaho Statutes § 41-1224, with citation guidance and answers to common questions.
§ 41-1224.
Suspension or revocation of broker’s license. (1) The director may suspend or revoke any surplus line broker’s license:
(a) If the broker fails to file his annual report or to remit the tax as required by this law; or
(b) If the broker fails to keep the records, or to allow the director to examine his records in this state as required by this law; or
(c) If the broker knowingly places a surplus line coverage in an insurer that is in unsound financial condition in violation of section 41-1217 , Idaho Code; or
(d) For any other applicable cause for which a producer’s license may be suspended or revoked.
(2) The procedures provided by chapter 10, title 41 , Idaho Code, for suspension or revocation of licenses shall apply to suspension or revocation of a surplus line broker’s license.
(3) Upon suspending or revoking the broker’s surplus line license the director shall also suspend or revoke all other licenses of the same individual under this code.
(4) No broker whose license has been so suspended or revoked shall again be so licensed until any fines or delinquent taxes owing by him have been paid, nor, in case of revocation, until after expiration of one (1) year from date revocation became final.
[41-1224, added 1961, ch. 330, sec. 268, p. 645; am. 1972, ch. 164, sec. 4, p. 376; am. 1997, ch. 108, sec. 3, p. 254; am. 2002, ch. 91, sec. 8, p. 230.]
Frequently Asked Questions About Idaho § 41-1224
What does Idaho Statutes § 41-1224 cover?
Section 41-1224 is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 41-1224?
A common citation format is "Idaho Statutes § 41-1224" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 41-1224 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.