Radey is an AV-rated firm consisting of lawyers who practice before state agencies and in all state and federal courts.
A law change adopted in the 2018 legislative session and affecting managing general agents took effect July 1, 2018. With this law change, the Florida Department of Financial Services will no longer issue managing general agents’ licenses. However, individuals and firms currently holding licenses will be allowed to keep them. Going forward, individuals acting as […]
The Florida Department of Financial Services reminds Florida insurance to make sure their licenses are prominently displayed within their offices. DFS refers to Section 626.172, Florida Statutes, providing that a licensed insurance agency is required to display the Department-issued agency license prominently and such that the license is clearly visible to any customer or potential […]
One of the questions we receive from time to time is whether certain activities require an individual or business to obtain an agents’ license in Florida. The Florida Department of Financial Services recently addressed this in a short article describing what it means to “transact” insurance in Florida. In general, a person must obtain an […]
The Florida Department of Financial Services recently published a reminder relating to potential dealings with agents and other licensees whose licenses have been suspended or revoked. DFS points to a provision of the Florida Insurance Code providing that it is unlawful for a former licensee, during his or her period of suspension or revocation of a […]
