Titular de Insurance Insights
Volume 4, No.4 - April 2015

In The Know

- Keeping you informed is what it's all about

Department Access to Licensee Records

Part of the Division's statutory obligation is to conduct audits, examinations and investigations of licensee insurance records. Licensees are required by law to make those records freely available to Department investigators. Any individual who willfully obstructs Department personnel from conducting these activities can be charged with a misdemeanor crime under section 624.15, F.S. in addition to administrative penalties.

Updating Agency Name and Owner or Officer Information

The Florida Statutes require that any changes to the name of an agency or firm must be reported to the Department within 30 days of the change. The addition or deletion of agency owners and officers must also be reported to the Department under section 626.541, F.S. The changes can be reported through MyProfile. If the Department requires additional information or documentation, you will receive an email.

Five Attempt Limit on License Exams

As of October 1, 2012, section 626.281(2), F.S. changed to create a limit on the number of licensing exam attempts an individual is allowed during a given period of time. The law established a limit of five exam attempts for the same exam type during a twelve month period. The effect of this law is the creation of a rolling time window looking back from the current date for exactly one year. All exams for a particular license attempted during that window count towards the five exam limit. Individuals who have reached the five exam limit are not permitted to sit for their next exam attempt until the one year time window only contains four exams.

Individuals in this situation should count back their five most recent exam attempts to determine the oldest of the five. Taking the date of the oldest of the five and adding one year to that date will determine the next date the individual will again be eligible to sit for the exam.

A specific example of the application of this law would be an individual taking a general lines (2-20) exam for the very first time on June 1, 2015, and failing the exam. After this first attempt, the individual sat for the exam four more times between June 2, 2015 and December 30, 2015. This individual will not be eligible to sit for the exam again until June 1, 2016.

The Department cannot waive the five exam limit for those who were unaware of the law change and unsuccessfully sat for the same exam several times.

Note: After three unsuccessful attempts, Bail Bond (limited surety) license exam candidates must repeat a 120-hour pre-licensing course and obtain a grade of 80 percent or higher before being eligible to attempt the exam again.