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 […]
For a variety of reasons, an agent operating an insurance agency might find it necessary to close the agency’s operations. The Florida Department of Financial Services (DFS) recently identified three key steps that agents might overlook when closing an agency in Florida. Surrender the agency license. First, DFS points out that the agent will need to […]