Idaho Administrative Code
Title IDAPA 18 - Insurance, Department of
Rule 18.06.03 - RULES GOVERNING DISCLOSURE REQUIREMENTS FOR INSURANCE PRODUCERS WHEN CHARGING FEES
Section 18.06.03.011 - DISCLOSURE REQUIREMENTS

Universal Citation: ID Admin Code 18.06.03.011

Current through August 31, 2023

01. Before Charging a Fee. Before charging a fee to a consumer, a retail producer will furnish to each consumer a written disclosure statement containing at least the following information: (3-31-22)

a. A description of the nature of the work to be performed by the insurance producer. (3-31-22)

b. The fee schedule and any other expenses that the insurance producer charges, and whether fees may be negotiated. (3-31-22)

02. Prior Information Disclosure. A retail producer will disclose information prescribed under this chapter to each consumer to whom a fee will be charged prior to engaging in any act for or on behalf of the consumer. (3-31-22)

03. Fee for Intended Services. A retail producer may charge a fee for those services intended to be provided and that are not contingent upon a future event occurring outside of the terms of the insurance contract. (3-31-22)

04. Non-Chargeable Fee. A retail producer will not charge a fee for services in connection with statutorily mandated insurance coverage. (3-31-22)

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