Under what condition can a non-resident sell insurance for commercial risks in Idaho?

To sell insurance for commercial risks in Idaho, a non-resident is required to obtain a license in the state where the insured has its principal place of business. This condition ensures that the insurance seller is compliant with local regulations and standards applicable to the specific commercial risks being insured.

Licensing in the state where the insured's business is located is crucial because it provides a level of oversight and assures that the insurer is knowledgeable about and adheres to the laws that govern insurance transactions in that particular jurisdiction. This helps protect consumers by ensuring that they are dealing with licensed professionals who understand the specific requirements and risks relevant to their business operations.

While licensing in the home state, insurance sales in any state, or previous residency may seem related, they do not satisfy the legal requirements set forth for selling commercial insurance in Idaho for non-residents. Thus, without meeting the licensing requirement based on the insured's principal place of business, the non-resident adjuster cannot legally engage in selling insurance in that state.