What happens if the expiration date for a license shortens the period for which the continuation fee has been paid?

The continuation fee paid for a license in Idaho is intended to cover the cost of maintaining that license for a specified period. If the expiration date of the license occurs before the period for which the continuation fee was paid, it means that the fee paid does not correspond to the actual duration that the license remains valid. In this situation, the regulations specifically state that no refund of an unearned fee shall be made.

This means that even if the license is no longer valid for the full period initially anticipated when the fee was paid, the fee remains in effect and is not subject to a refund. This policy ensures that funds allocated for licensing are retained by the regulatory body, which must manage the licensing process and uphold the standards associated with it, regardless of changes to individual licenses.

Understanding this part of the regulation emphasizes the financial responsibilities of individuals involved in the insurance adjusting field and reinforces the idea that fees paid are not contingent upon individual circumstances or license duration changes.