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Resource TitleDescriptionRating
A Guide to Compensation Disclosure Should you, as an agent, disclose compensation practices to your client (and to what extent), and what, if anything, should you disclose about the efforts agents undertake on behalf of their clients? 1 2 3 4 5
Appointing Agents with Insurance Companies “How many companies must a 2-20 agent be appointed with?” The answer to that question changed after the 2014 legislative session. 1 2 3 4 5
Credit Scoring Bill Summary Florida statute 626.9741 was added; below are the summary points of the statute.

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Customer Reps Working Remotely? Be Very Careful

Advances in technology have created an issue that agency management needs to be very aware of, that being the duties permitted (and, more importantly, duties not permitted) by someone holding a 4-40 license.

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Diligent Effort/Surplus Lines Disclosure Matrix Rate-deregulation bills passed during the 2011 and 2013* legislative sessions exempted numerous commercial lines from surplus lines eligibility-for-export requirements. The following serves as a guide to which form is required for which risk.  1 2 3 4 5
Florida Insurance Guaranty Association Florida Insurance Guaranty Association (FIGA) "covers" claims of certain insolvent property and casualty insurers 1 2 3 4 5
Fraud Statement Florida statutes require that all applications for insurance contain a fraud statement. 1 2 3 4 5
P&C Current Assessments and Surcharges This article from Citizens Property Insurance Corp. explains charges that both Citizens and non-Citizens policyholders can be required to pay in addition to their regular policy premiums. 1 2 3 4 5
Partial Cancellations The "partial cancellation" issue was addressed in the 2012 Legislative Session by a new statute that requires insurers to provide adequate and proper notice of a change in policy terms. 1 2 3 4 5
Privacy Summary for Florida Agents Is there a law that requires financial institutions to provide a privacy notice to their customers 1 2 3 4 5
Referral Fees Can I legally pay a referral fee to an unlicensed person? 1 2 3 4 5
Required Agency Licensing Please note: This article is historical in nature. For the most up to date information about required agency licensing, visit the Florida Department of Management Services' licensing and compliance website. 1 2 3 4 5
Self-Appointments and Non-Insurer Appointments

This guidance was first published in the October 2015 edition of the DFS newsletter Insurance Insights.

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What can an unlicensed employee legally do?

FAIA's help desk receives lots of questions about licensing, in particular questions about what employees who are not yet licensed can and can't do.

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