INSURANCE

Jan 13 2020

#Insurance agent licensing requirements ( #Video

#Insurance #agent #licensing #requirements



Insurance agent licensing requirements

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Licensing Information

The information on this page will help you understand what each license is used for, what the qualifications are for that license, and how to maintain it. If you have any questions, comments, or suggestions, please email us at [email protected]

Select a tab below:

Agents / Adjusters

Agents/Adjusters

Continuing Education:

Note: Carefully review the information below. If you have any CE questions, you can send them to [email protected]

Appointments:

Section 626.112, Florida Statutes, states that no person may be, act as, or advertise or hold himself or herself out to be an insurance agent, insurance adjuster, customer representative, service representative, or managing general agent unless he or she is currently licensed by the department and appointed by an appropriate appointing entity or person. All licenses require an appointment with the exception of insurance agency licenses.

Other resources:

Read the division’s online newsletter, Insurance Insights, which includes valuable information for agents, adjusters and agencies about what’s happening in Florida’s market and trends we’re seeing. If you’re a licensee with a valid email address on file, you will be emailed when new issues have been published. However, you can always read the latest issue, as well as past issues, on our website. Click below to read!

Agencies / Firms

Agencies/Firms

The following changes can be made within MyProfile:

  • Add a branch location or apply for a branch license (excludes title)
    Note: Branch locations or licenses can be added upon the issuance of the parent license.
  • Primary location address, phone, and email address change
  • Branch location address and phone change
  • Agent-in-charge add/termination (insurance agencies only)
  • Officer/Owner change (insurance agency only)
  • Remove branch location (insurance agencies only)

Branch Locations:

Any physical branch location transacting under the same name and FEIN must be, depending on the type of agency/firm license, licensed or listed as a branch location. For example, insurance agencies have a branch locations list and warranty firms have branch location licenses.

  • Branch licenses are applied through and maintained within the MyProfile account of the licensed parent location.
  • Branch locations list are maintained within the MyProfile account of the licensed parent location.

Officer/Owner Changes:

Documentation of the change must be submitted to the department within 30 days from the change, and documentation must be from the Florida Division of Corporation or the equivalent Division in the agency/firm’s home state. The documentation must be sent to [email protected]

Agency/Firm licenses that require officer/owner background checks will require the same background check on any newly listed officers/owners. This does not apply to current officers that have changed positions.

Appointments:
(This section does not apply to insurance agencies.)

Section 626.112, Florida Statutes, states that no person may be, act as, or advertise or hold himself or herself out to be an insurance agent, insurance adjuster, customer representative, service representative, or managing general agent unless he or she is currently licensed by the department and appointed by an appropriate appointing entity or person. All licenses require an appointment with the exception of insurance agency licenses.

Closing an Agency/Firm:

Other resources:

Read the division’s online newsletter, Insurance Insights, which includes valuable information for agents, adjusters and agencies about what’s happening in Florida’s market and trends we’re seeing. If you’re a licensee with a valid email address on file, you will be emailed when new issues have been published. However, you can always read the latest issue, as well as past issues, on our website. Click below to read!


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SOURCE: http://www.myfloridacfo.com/Division/Agents/Licensure/

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