6 DAYS. If your insurance license is suspended in accordance with an Order issued by the Division of Legal Services, you will receive notification from the Division of Agent and Agency Services, Bureau of Licensing that your insurance license has been suspended along with any appointments associated with the license. See: 626.451(6), F.S. trends we're seeing. FLORIDA OFFICE OF FINANCIAL REGULATION VERIFY ONLINE SERVICES FILE A COMPLAINT COVID-19 Resources. Verify Agent's License Unclaimed Property Workers' Compensation Fire Standards & Training Newsletter If you knowingly transact insurance or otherwise engage in insurance activities in this state without a license, or while your licenses are suspended you are committing a felony of the third degree. No matter what class of license you hold, the business of insurance engages the public trust. If the rebating guidelines are not followed precisely, rebating would be considered a violation of the Unfair Insurance Trade Practices Act. must provide the Department with an email address if they have one. If you knowingly transact insurance or otherwise engage in insurance activities in this state without a license, or while your license is revoked, you are committing a felony of the third degree. A designation may not be used unless the designation is obtained from an organization that has published standards and procedures for assuring the competency of its certificate holders or designees on specific subject matters, which standards and procedures are continually utilized by the organization. In-House Claims Adjuster Licensing Requirement, Referral Fees or Gifts to An Unlicensed Person, Reporting & Accounting for Funds and Record Keeping, Representing Yourself at an Informal or Administrative Hearing, http://www.doah.state.fl.us/ALJ/RepYourself.pdf, Florida Department of Financial Services © 2012. There are no rules or statutes that regulate the amount of commission you receive except that Rule 69O-186.003, F.A.C., limits the commission allowed on a title policy. Section 626.561(3)(a)(b)(c)(d), F.S., outlines the criminal penalties that may be imposed upon any agent, insurance agency, customer representative or adjuster, who, not being lawfully entitled to the money, either temporarily or permanently diverts or misappropriates the funds or any portion of them, or deprives the other person of the benefit the funds would have provided. To request final orders issued prior to January 1, 2003, you may make a public request via email or contact the Office of Open Government. In order to protect consumers from dishonest, deceptive, misleading, and fraudulent trade practices with respect to the use of certifications and professional designations in the marketing, solicitation, negotiation, sale or advice given in connection with an insurance transaction by any licensee, Florida Administrative Rule 69B-215.235 was promulgated. With this authorization comes the responsibility to conduct business according to the rules and statutes of the Florida Insurance Code. All applications must also include your name and license number as shown on the license issued to you by the Department. Instead, contact this office by phone or in writing. This single sign-on portal provides all users within Florida's financial services community a convenient way to Tallahassee, Fla. - The license renewal process is open for those licensed with the Florida Office of Financial Regulation (OFR) under Chapters 494, 516, 517, 520, 559, Florida Statutes, and a portion of those licensed under Chapter 560, Florida Statutes. As a licensee it’s important you have access to information that helps you keep your insurance business in compliance. For additional information please see section 627.4085, F.S. Be named on or affiliated with any bank account that relates in any manner to an insurance agent or agency or adjuster or adjusting firm. The Informal Hearing Officer will review the Proposed Recommended Order submitted by you and the Department’s attorney.  The Informal Hearing Officer will issue a Recommended Order, which is the Informal Hearing Officer's recommendation to the Department as to how the matter should be resolved based on the law and the evidence presented at the hearing. A licensed and appointed insurance agent, if authorized to do so by the appointing insurer. April 14, 2015 . It is important to remember that the information presented on this page is general and is intended to cover the usual situation. If you would like to inspect or copy an Agency Final Order issued before 2003, please contact the Department of Financial Services' Public Records Section via email at PublicRecordsRequest@myfloridacfo.com or via telephone at 850-413-3149. [See subsection 626.611(2), F.S.]. However, if there is a problem that is determined to be the result of misconduct of the employee, the insurer could be held responsible. The rules outlined above do not apply to wet marine, transportation, title, surplus lines, credit life or credit disability applications. Please see: 626.112(9), F.S. Click below to read! Rebating is generally not permitted. These changes must be completed online at MyProfile. If you requested either an in person or telephonic hearing, the Order will tell you to submit the following information: a proposed location for the hearing, when you would like the hearing to take place and the amount of time you anticipate the hearing will last. The business of insurance Regulation, which is the final decision of the unfair insurance trade practices laws Office... All users within Florida 's Financial services industry lines, credit life florida office of financial regulation credit applications! 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