Registration of Bail Bond Business and
Primary Bail Bond Agent in Charge Designation - Going Online Soon!!
In our last issue we informed our licenses of the development of our new online application for uploading the "Filing of Bail Bond Agency Business, Designation/Deletion of Primary Bail Agent in Charge" form. The application will also allow agencies to establish and change demographic information. Our technical staff is continuing to test and perfect the application before announcing access to our licensees. We will contact all bail bond agents by email when the app is ready to launch.
The new app will eliminate paper forms, and provide agencies with a streamlined method to maintain their information. It will also allow bail bond agents to verify their bail bond agency's information is accurate and compliant with the Florida Insurance Code.
Existing bail bond agencies will need to create a user profile, enter the agency's information including designating the primary bail bond agent in charge. Once the profile is established, the agency will be able to make all changes for the bail bond agency online in real-time.
Bail bond agencies should continue to use the paper form until roll-out of the new application is announced. Once the online registration is made available, the paper forms will no longer be accepted.
The Department plans to send an email to every licensed bail bond agent's email address on file with the anticipated "live" date and instructions. We recommend you verify your individual contact information NOW through your Mi Perfil account to ensure you receive the email and other important information from the Department.
Notice of change of address or telephone number - Each licensee under Chapter 648, Florida Statutes, shall notify in writing the department, insurer, managing general agent, and the clerk of each court in which the licensee is registered within 10 working days after a change in the licensee's principal business address or telephone number. The licensee shall also notify the department within 10 working days after a change of the name, address, or telephone number of each agency or firm for which he or she writes bonds and any change in the licensee's name, home address, e-mail address, or telephone number. [See la Sección 648.421, Estatuto de la Florida]
Notice of Proposed Rule -
OIR (Office of Insurance Regulation)
Rule No.: 69O-186.013
Purpose: The Office initiated a data call in 2014 regarding the collection of data for the adoption of title insurance rates pursuant to Sections 624.307 y 627.782, F.S, , and Chapter 69O-186.013-14, F.A.C. The Office is amending the type of data it collects from title insurance agencies to allow the Office to comply with Section 627.782, Estatutos de la Florida
Discontinuation of the Citizens Regular and Emergency Assessments
Effective April 1, 2020, the Citizens Property Insurance Corporation (CPIC) regular and emergency assessments will be discontinued for all transactions.
Surplus lines policies issued or renewed prior to July 1, 2015, and all related transactions reported to FSLSO will not have the CPIC assessment charged or credited after March 31, 2020. The last day to report surplus lines policy data through the FSLSO system (SLIP or XML Batch) where the CPIC assessment will be charged or credited is March 31, 2020.
Dirigirse a la Bulletin 2020-01 for more information and specific instructions on reporting. You may also contact FSLSO at 800.562.4496, option 4, or by email at firstname.lastname@example.org si desea hacer preguntas.
FSLO (Florida Surplus Lines Service Office) Announces Decrease in Service Fee
Effective April 1, 2020, the FSLSO Service Office fee will be reduced from 0.10% to 0.06%.
All new and renewal policies with an effective date on or after April 1, 2020, will be charged the new lower service fee of 0.06% of the total gross premium as defined in Florida Statute 626.9325.
All premium-bearing endorsements on policies with an effective date prior to April 1, 2020, will be subject to the service fee rate charged at the inception of the policy being endorsed. This applies to return and additional premium endorsements, audits, installments, and cancellations.
Dirigirse a Bulletin 2019-01 for a more detailed explanation of the service fee decrease.
If you have further questions, contact us at 800.562.4496 or email@example.com.
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.
Call 877-MY-FL-CFO (1-877-693-5236).
The Florida Statutes can be viewed online at Online Sunshine