News & Updates

surplus lines insurance

DFS Publishes Interpretations of Surplus Lines Export Requirements

DFS Publishes Interpretations of Surplus Lines Export Requirements

We often receive questions from insurers or agents relating to the requirements for exporting risks to the surplus lines market.  These are fact-specific determinations that depend on the nature of the risks and the markets available to the agents.  The Florida Department of Financial Services likewise reports receiving questions in this area and recently summarized […]

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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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