News & Updates

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DFS Summarizes Referral Fee Restrictions

DFS Summarizes Referral Fee Restrictions

The Florida Department of Financial Services (DFS) recently published a reminder relating to restrictions on referrals fees.  DFS notes that it commonly receives questions about referral fees and periodically publishes guidance to remind licensees of applicable requirements. According to DFS, an agent may pay an unlicensed person for referrals of potential clients as long as […]

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DFS Discusses Fee for Health Policy Services

DFS Discusses Fee for Health Policy Services

The Florida Department of Financial Services (DFS) reminds Florida health insurance agents that they may enter into contracts with consumers to charge a flat fee in lieu of receiving commissions from the insurer for individual health policies.  This opportunity arises under the new SB 1386 passed in the 2016 legislative session.  DFS attributes the introduction of […]

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