Radey is an AV-rated firm consisting of lawyers who practice before state agencies and in all state and federal courts.
The Florida Department of Financial Services has combined three of its law enforcement units into a single division to create efficiencies and streamline its investigatory functions. Previously, DFS operated three sworn law enforcement units– the Division of Insurance Fraud, the Bureau of Fire and Arson Investigations, and the Office of Fiscal Integrity. Effective July 1, […]
The Florida Department of Financial Services has reminded agencies that each insurance agency, and each location of a multiple location agency, must have a designated agent in charge. The agent in charge (AIC) is defined as the licensed and appointed agent responsible for the supervision of all individuals within an insurance agency. Each business location […]
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 […]
Department of Financial Services, Jeff Atwater, Insurance Regulation News, Life Insurance, Social Security Death Master File
Florida Legislature, Department of Financial Services, Insurance Regulation News, Personal Injury Protection, automobile insurance
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 […]
The Florida Department of Financial Services reminds insurance agencies that location may not conduct the business of unless an “agent in charge” is designated by, and providing services to, the agency at all times. If the agent in charge designated with DFS ends his or her affiliation with the agency for any reason, the agency’s […]
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 (DFS) recently issued a reminder to public adjusters to avoid conflicts of interest while performing the duties under their license. DFS pointed to section 626.8795, Florida Statutes, in advising public adjusters that they may not: participate directly or indirectly in the reconstruction, repair, or restoration of damaged property that is the […]
The Department of Financial Services advises that it frequently receives inquiries from agents whose appointments with insurers have terminated. These agents often ask what they are legally allowed to do for customers relating to policies transacted before termination of the appointment. According to DFS, following the termination of an appointment as to an insurer, the agent may continue to service, and […]
