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DFS Issues Guidance to Agents Using Virtual Office

DFS Issues Guidance to Agents Using Virtual Office

The Florida Department of Financial Services (DFS) in its Insurance Insights publication has reminded life and health agents using “virtual offices” to list their home addresses as their business addresses on file with DFS if their records are kept at home.  DFS notes that many agents do not lease permanent locations but instead rent conference rooms where they can meet with clients.  These agents typically keep their business records at home.  DFS advises that in this situation an agent’s home address, and not the address of the rented conference room, should be the address on file with DFS.