In The Know
Public Adjusters - Are You Ready For Hurricane Season?
With less than 60 days until the start of Hurricane Season, now is the time to be sure your license is in compliance - not when a storm is heading our way! This is a short checklist to ensure your license is in good standing:
Reminder from the Florida Surplus Lines Service Office: Florida Hurricane Catastrophe Fund (FHCF) Assessment Ended 3/31
All outstanding endorsements to policies which were effective between January 1, 2007 and December 31, 2014, when the FHCF assessment was applicable, should have been filed by March 31, 2019. Effective April 1, 2019, any submissions previously filed where the FHCF assessment was applied that may have current endorsements to be filed, will not have the FHCF assessment charged or returned.
Note: Content of this reminder was provided by the Florida Surplus Lines Service Office.
Agents should always verify the companies they sell for are authorized to do business in Florida. If you suspect an entity is not authorized to transact insurance in Florida, please notify our office.
Reporting Title Agency Locations to the Department
Title agencies are not required to have separate branch licenses (though some still have them). The license of the main office may be used for each branch location, which means that a violation discovered at one branch could affect all the locations. Branch offices that perform closing services only do not need to be licensed and do not need a licensed agent at that location.
The agent in charge can be the same as another location as long as there are not any title insurance transactions taking place while the agent in charge is not present unless another licensed and appointed title agent is present at that location.
Title agencies (including any branch offices) are subject to the provisions of section 626.0428, F.S. Each branch location that does title insurance work must designate an agent in charge and notify the department of the identity of the person and Florida license number designated as well as the location of the branch. The easiest way to notify the Department of this required information is by email to AgentLicensing@MyFloridaCFO.com.
Confidentiality of Investigative Records
Department investigative records are considered privileged and confidential and are exempt from Florida's Public Records Law unless the Department or Office files a formal administrative complaint, emergency order, or consent order against the individual or entity. (s. 626.601(6), F.S.)
The 2018 Florida Statutes are available online. The Florida Statutes can be viewed at Online Sunshine
The answer key is found on the Education Central page.