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surplus lines insurance

DFS Cautions Against Aiding and Abetting Unlicensed Persons

DFS Cautions Against Aiding and Abetting Unlicensed Persons

The Florida Department of Financial Services cautions licensees against assisting companies and individuals in the unauthorized transaction of insurance.  DFS reminds agents that the insurance code prohibits representing or aiding any insurer not authorized to transact insurance in this state.  As an example, DFS points to an agent’s representing an unauthorized company that offers health […]

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Legislature Considers Surplus Lines Insurers for Citizens Depopulation

Legislature Considers Surplus Lines Insurers for Citizens Depopulation

 Both chambers of the Florida legislature are advancing bills that would surplus lines insurers to remove policies from Citizens Property Insurance Corporation.  As Citizens’ policy count continues to skyrocket, the legislature is looking for opportunities to attract insurers that might be interested in its policies. Opponents of the bill have questioned whethere it contains enough protections for […]

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