50-State Insurance Licensing Compliance Guide
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Florida Insurance License

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Licensing requirements for Florida insurance professionals and companies.

This page provides an overview of insurance licensing in Florida for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.

Companies that provide insurance producer services in Florida must apply for a license prior to doing business. Depending on the lines of authority offered by the entity and the types of services offered, multiple firm licenses may be required.

Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state firms, in anticipation of application requirements.

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Company Licenses

Florida Financial Services Company Licenses

Florida Agency License - Non-Resident

Agency:Florida Department of Financial Services - Division of Insurance Agent and Agency Services

Initial Registration

Filing Method:

Online

Agency Fee:

$0

Renewal Not Required

Not required



Agency licenses are perpetual as long as there is an agent-in-charge effectively designated. An agency license will expire after 90 days without an agent-in-charge.

Florida Agency License - Resident

Agency:Florida Department of Financial Services - Division of Insurance Agent and Agency Services

Initial Registration

Filing Method:

Online

Agency Fee:

$0

Renewal Not Required

Not required



Agency licenses are perpetual as long as there is an agent-in-charge effectively designated. An agency license will expire after 90 days without an agent-in-charge.

Florida Commercial Collection Agency Registration

Agency:Florida Office of Financial Regulation
Foreign Qualification is Prerequisite:Yes
Bond Requirements:

$50,000 surety bond.

Registered Agent (Special Agency) Required?Yes

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

Annually by December 31.

Florida Consumer Collection Agency Registration

Agency:Florida Office of Financial Regulation
Registered Agent (Special Agency) Required?Yes

Registration Renewal

Filing Method:

Online

Agency Fee:

$200

Due:

Annually by December 31.

Florida Insurance Agency License

Agency:Florida Department of Financial Services - Division of Insurance Agent and Agency Services

Initial Registration

This section applies to insurance firms that are applying for a license in Florida for the first time.

Agency:Florida Office of Insurance Regulation
Form:

http://www.myfloridacfo.com/division/agents/licensure/general/#agency

Agency Fee:

$0

Renewal Not Required

This section applies to insurance firms that are already licensed in Florida and need to renew their license.

Not required



Licenses are perpetual and do not need to be renewed.

Florida Motor Vehicle Retail Installment Seller License

Agency:Florida Office of Financial Regulation - Division of Consumer Finance
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?Yes

Initial Registration

Form:

Form OFR-520-01: Application for License

Filing Method:

Mail or online.

Agency Fee:

$175

Registration Renewal

Filing Method:

Online

Agency Fee:

$175

Due:

By December 31 of even-numbered years.

Florida Sales Finance Company License

Agency:Florida Office of Financial Regulation
Law:

Chapter 520, Part IV, Florida Statutes - Installment Sales Finance

Chapter 520, Part VI, Florida Statutes - Department Regulation of Sales and Finance

Rule 69V-70, Florida Administrative Code - Sales Finance

Rule 69V-85, Florida Administrative Code - Retail Installment Sales Act - General Rules

Foreign Qualification is Prerequisite:No
Notes:

In addition to the main location license, any subsequent location other than the main office must be filed as a SFB: Sales Finance Company Branch by way of Online Services.

Registered Agent (Special Agency) Required?No

Initial Registration

Form:

Application for License Under Chapter 520, Florida Statutes

Filing Method:

Mail or online.

Agency Fee:

$175

Florida Third Party Administrator License

Agency:Florida Office of Insurance Regulation
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?No

Initial Registration

Form:

Third Party Administrator Application Package

Filing Method:

Online

Agency Fee:

$100 application fee + fingerprint fee

Notes:
  • The application must be signed by the President or Secretary of the applicant company.
  • Original signatures and a corporate seal are required
  • If a fictitious name is being used, provide documentation of registration with the Florida secretary of state
Before you Apply:
  • Fingerprints
    • Applicants are required to prepay electronically for the processing of fingerprint cards required in Section IV-5. Florida residents have the option of having their fingerprints digitaly scanned rather than providing paper fingerprint cards. Use Form OIR-C1-938 Fingerprint Payment and Submission Procedure for instructions
  • Provide an original certified copy of the articles of incorporation/ organization and all amendments
  • Provide an original certificate of good standing issued by Secretary of State in the domicile state. 
  • Provide a copy of hte company's current bylaws. 
    • The Bylaws must be sealed, signed, and dated by the Secretary of the corporatino. No signatures other than the Secretary's will be accepted. The Secretary's statement must also be recently dated. 
  • Provide an original Florida certificate of good standing
  • Provide Financial Statements
    • If the applicant has been in existence for 2 or more years, provide audited financial statements from the 2 most recent fiscal years. If the audit contains consolidated financials, explanations and breakdowns will be required
    • If the applicant has been in existence less than 2 years, submit financial statements certified by an officer of the applicant and prepared in accordance with generally accepted accounting principles for any completed fiscal years and for any month during hte current fiscal year in which financial statements have been completed. 
  • Submit a plan of operations, including: 
    • A brief history of hte company since its incorporation
    • A list of all states in which the applicant is license as and administrator and the dates licenses were issued
    • A description of each line of insurance to be administered in Florida. 
      • Name of the insurer
      • Services to be provided (e.g., marketing, claims adjudication, premium collection, underwriting etc.)
    • If any administrative services are currently being performed for any insurer on beahlf of Florida residents, submit a full explaination as to the dates of inception, types of coverage, names of insurers, amounts of claims paid or premiums collected, and numbers of Florida residents involved. 
    • Provide a narrative on staffing levels and activities proposed in this state and nationwide.
      • Include details about the applicant's capability for providing a sufficient number of experienced and qualified personnel in the areas of claims processing, recordkeeping, and underwriting
  • Obtain a fidelity (surety) bond equal to at least 10% of annualized funds handled or managed. 
    • Must include a 30-day cancellation notice provision in favor of the Office
  • Provide a statement explaining the nature an extend of hte applicatin's ownership interest or affiliation with any insurance company that is responsible, directly or through re-insurance, for providing benefits to any plan for which the applicant provides administrative services
  • List the complete name and address of all branches operating in Florida. Note where books and records pertaining to Florida insureds will be made available to the Office
  • Submit a sample of the administrative agreement the appliant plans to use in Florida
    • Agreement must comply with all Florida statutes
  • Provide a list of all officers directors and shareholders with a 10% or greater interest in the company. 
    • If a parent company exists, provide the names of all officers and directors up through the ulitmate parent corporation or holidng company. Use a separate form for each company
    • For shareholders, if a parent company exists, provide the name, ownership percentage, number of shares, and class of shares held by each shareholder who has a 10% or creater interest in the company up through the ulitmate parent company or holding company
  • Provide an organization chart if the applicant is a subsidary of a parent or holidng company
  • When reporting names, report the full name (first, middle, and last name) for each. If no middle name exists, use "NMN"
  • Submit a biographical affidavit for all officers directors and shareholders reported 
    • Social security numbers are mandatory
    • Follow Florida's state statutes and proceses to appropriately submit Social Security Numbers safely
    • Notarization is required
  • Submit a background investigative report for all officers, directors, and shareholders reported (appliant and ultimate parent company only - personnel of intermediate parent companies are not required)
  • Submit fingerprint cards for each of the officers, directors, and shareholders reported. 
    • You must use Florida's fingerprint cards. The Office of Insurance will provide them upon request
    • Complete at a local law enforcement station or similar agency
  • Make a copy of your check.
    • Send the copy with the application.
    • Send th actual check and invoice to the Financial Services Bureau
  • The President, Secretary, or Treasurer must sign the checklist affirming that the applicaiton is true and complete.

Renewal Not Required

Not required



A certificate of authority issued under this section shall remain valid, unless suspended or revoked by the office, so long as the certificate holder continues in business in this state.

Financial Reporting

Form:

Insurance Administrator Annual Report

Filing Method:

Online

Agency Fee:

$250

Due:

Annually within 3 months after the end of the administrator’s fiscal year.

Law:

FL Stat. § 626.89

Florida Utilization Review License

Not required



Utilization Review licensure is not required on the State level in Florida.

There is no license for utilization review in Florida, however, employers and insurers are required to follow state guidelines regarding the review process.

Individual Licenses

Florida Individual Financial Services Licenses

Florida Adjuster License - Non-Resident

Agency:Florida Department of Financial Services - Division of Insurance Agent and Agency Services

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Florida Agent License - Non-Resident

Agency:Florida Department of Financial Services - Division of Insurance Agent and Agency Services

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Florida Agent License - Resident

Agency:Florida Department of Financial Services - Division of Insurance Agent and Agency Services

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Florida Designated Home State Adjuster License - Non-Resident (No Home State)

Agency:Florida Department of Financial Services - Division of Insurance Agent and Agency Services

Initial Registration

Filing Method:

Online

Agency Fee:

$0

Florida Insurance Agent License

Agency:Florida Department of Financial Services - Division of Insurance Agent and Agency Services

Initial Registration

This section applies to insurance agents that are applying for a license in Florida for the first time.

Agency Fee:

From $55 to $150 depending on license type.

Renewal Not Required

Not required



Florida Service Representative License - Non-Resident

Agency:Florida Department of Financial Services - Division of Insurance Agent and Agency Services

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Florida Service Representative License - Resident

Agency:Florida Department of Financial Services - Division of Insurance Agent and Agency Services

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Learn about insurance licensing in other states:

Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.

Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.

Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.

Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.

Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.

Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.

Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.

Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.

Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.

Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.

Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.

National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.

National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.

National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.

National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.

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