Radey is an AV-rated firm consisting of lawyers who practice before state agencies and in all state and federal courts.
In most its recent Insurance Insights update, the Florida Department of Financial Services (DFS) reminded licensees that unlicensed personnel can perform only limited activities within an insurance agency. Rule Chapter 69B-222, Florida Administrative Code, outlines permitted and prohibited activities for unlicensed personnel. The rules focus on ensuring that unlicensed individuals are involved in certain types […]
The Florida Department of Services (DFS) conducted a workshop on Friday to receive comments to its proposed revisions to Rule Chapter 69B-231. These rules set forth penalty guidelines for various misconduct by agents, adjusters and other licensees. In instances where DFS has discretionary authority to suspend a licensee’s license, the rule identifies the suspension periods […]
The Department of Financial Services has reminded agencies of the statutory prohibition against misleading names. Section 626.602, Florida Statutes, allows DFS to disapprove an agency’s name if the name may mislead the public or if the name implies the agency is an insurer, state or federal agency, charitable organization, or an entity that provides advice and […]
The Florida Department of Financial Services recently discussed the guidelines it maintains for insurance agency names. DFS cautions agents to consult applicable laws so they don’t waste time and money organizing businesses with names that don’t meet regulatory requirements. DFS may disapproved an agency name for several reasons. These include use by another agency or […]
The Florida Department of Financial Services reminds agents that it may disapprove the name of any agency (whether the agency’s actual name or a fictitious name) if the name violates certain guidelines. An agency name cannot: ◦ mislead the public in any respect; ◦ interfere with or be too similar to another name already being […]
The Florida Department of Financial Services (DFS) recently advised in its Insurance Insights publication that it has seen an increase in the number of potentially misleading agency names following the enactment of the Affordable Care Act. Under Florida law, an agency cannot have a name that would be potentially misleading or deceptive. For example, agency […]
