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Fidelity and Surety Requirements for Idaho Escrow Agencies

Idaho’s Escrow Agency Act creates a specific financial-responsibility package for licensed escrow agencies—not a general business bond rule. The default fidelity bond is $200,000 aggregate with a deductible no higher than $10,000 and named classes of agency personnel; a statutory certificate-of-deposit alternative and director waiver authority qualify the bond package. Separate E&O and trust-balance-based surety requirements address different exposures. 1

What Is Fidelity Bonds?

Fidelity coverage can reimburse certain losses when employees steal money or property they handle. If employees manage company funds, customer property or benefit-plan assets, identify each owner and compare the required protection for each interest. Read the national Fidelity bonds guide.

Idaho Requirements

RequirementDetails
Fidelity amount and peopleAt application, renewal or reinstatement, a licensed escrow agency must show a $200,000 aggregate fidelity bond with a deductible no greater than $10,000 covering the agency and specified officers, partners, managing members, escrow agents and employees; §30-909 also allows a certificate of deposit in lieu of the bonds and permits the director to waive or modify requirements for good cause. 1
Separate financial-responsibility itemsThe statute separately requires E&O protection of at least $50,000 (or a specified deposit alternative) and a surety bond calculated from average month-end escrow trust-account balances. 1,2

What to Watch for in Idaho

  • Do not mistake the surety bond for employee-dishonesty coverage

    Section 30-909 lists fidelity, E&O and surety as distinct items. Its default fidelity bond protects against dishonest loss; the surety bond reimburses people for loss from violations of the Act. The section permits a qualifying certificate of deposit in lieu of the listed bonds and lets the director waive or modify requirements for good cause, so confirm the agency’s approved arrangement before treating every item as an insurance policy. 1

  • Check the required deductible and personnel class

    The fidelity bond’s deductible may not exceed $10,000 and the required covered group includes the agency, corporate officers, partners, managing members, escrow agents and employees. Ask the carrier to confirm coverage follows each role and agency entity that handles client escrow funds. 1

  • Keep the surety calculation tied to escrow balances

    The separate surety amount is based on the agency’s average month-end escrow trust-account balance for the preceding calendar year and uses statutory brackets. Reconcile that balance with the regulator filing; do not use it as the fidelity limit or treat the $200,000 fidelity amount as a universal Idaho business minimum. 1,2

Who Regulates Insurance in Idaho

Idaho Department of Insurance

The Idaho Department of Insurance administers insurance laws and regulates insurers and licensed producers. It directs users to the NAIC State Based Systems lookup for producer and company licensing records and accepts consumer complaints. 3,7,4

Surplus-lines tax and stamping office

Reported tax rate: 1.5% of premium when Idaho is the home state for property and casualty coverage Idaho’s surplus-lines tax is 1.5%. For property-and-casualty insurance other than workers’ compensation, if Idaho is the insured’s home state the full premium is taxed regardless of where covered risks are located; other lines follow the statutory allocation rule. Surplus-lines policies do not receive Idaho guaranty-association protection. 5,6,8

Providers With Documented State Licenses

These providers publish a national listing for Fidelity bonds; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Idaho. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • TechInsuranceSpecialty Program Group LLCInsurance producer · checked 2026-09-28TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. 14
  • VouchVouch Specialty Insurance Services, LLCInsurance producer · checked 2026-09-28Vouch’s licenses page, effective January 16, 2025, lists producer licenses in all 50 states and DC. Its separate surplus-lines table includes Idaho number 870820, while a footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses. Because those statements conflict for Idaho, this record keeps Idaho producer-only and does not treat the table number as established agency surplus-lines authority. The page is company-reported and does not establish product availability. 15

Questions to Ask Before You Buy in Idaho

  1. Is the applicant a licensed escrow agency under Title 30, Chapter 9, and is this a new, renewal or reinstatement filing?
  2. Which agency entities and people handling escrow accounts are listed under the fidelity bond?
  3. What prior-year average month-end trust balance determines the distinct surety amount?

Fidelity Bonds in Idaho: FAQ

Does Idaho require every business to carry a $200,000 fidelity bond? 1

No. Section 30-909 is a licensing requirement for escrow agencies under the Idaho Escrow Agency Act. It does not establish a general bond amount for unrelated businesses. 1

Can escrow-agency E&O replace the fidelity bond? 1

No. The statute lists a fidelity bond and an errors-and-omissions policy as separate financial-responsibility requirements, with separate amounts and purposes. 1

Fidelity Bonds in Other States

Other Coverage in Idaho

Sources

  1. Idaho Code §30-909, Financial responsibility—Fidelity bond—Errors and omissions policy—Surety bond. Idaho Legislature; Subsections (1)–(7); application, renewal and reinstatement requirement; specified classes/amounts; CD alternative at (6); director waiver or modification at (7). Current official statute read Sept. 28, 2026. Accessed 2026-09-28.
  2. Idaho Code §30-914, Escrow agency books, accounts, records and trust accounts. Idaho Legislature; Subsections (1)–(2) require accessible agency records and an individual escrow account record for each escrow; current official online statute accessed Sept. 28, 2026. Accessed 2026-09-28.
  3. Idaho Department of Insurance. Idaho Department of Insurance; Official regulator homepage and consumer resources. Accessed 2026-09-28.
  4. Consumers. Idaho Department of Insurance; Official consumer service bureau page with File a Complaint links and published phone. Accessed 2026-09-28.
  5. Idaho Insurance Laws and Regulations. Idaho Department of Insurance; 2026 publication: Idaho Code § 41-1204, 1.5% premium tax and home-state allocation rule. Accessed 2026-09-28.
  6. Surplus Lines. Idaho Department of Insurance; Idaho surplus-lines broker requirement and Idaho SLA membership. Accessed 2026-09-28.
  7. Request Public Records. Idaho Department of Insurance; Department states that producer and insurer licensing records are maintained by State Based Systems and links to individual SBS Lookup Search. Accessed 2026-09-28.
  8. Surplus Lines: Facts to Know. Idaho Department of Insurance; Department publication says there is no state guaranty-association coverage for surplus-lines insurance if the company becomes insolvent. Accessed 2026-09-28.
  9. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  10. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  11. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  12. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  13. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  14. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  15. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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