The Department of Financial Services (DFS) has issued a reminder to prospective insurance agency licensees to use caution when selecting their agency names. DFS notes that by law, it may disapprove the use of any true or fictitious name, other than the bona fide name of an individual, if the name violates certain guidelines. Specifically, an agency name […]
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 […]