News & Updates

per-policy fee

New Laws Affect Agent Procedures

New Laws Affect Agent Procedures

In the 2019 session, the Florida legislature passed HB 301 with several provisions impacting agents and insurers. Most of these provisions took effect July 1, 2019. Among the law changes, the insurance code now requires a life insurer to notify the servicing agent at least 21 days before a life insurance policy lapses. This notice […]

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Limitations on Agents’ Fees

Limitations on Agents’ Fees

The Florida Department of Financial Services from time to time takes enforcement actions against agents who charge unauthorized fees to policyholders.  In these situations, the agents typically are receiving their commissions from the insurers and separately are telling consumers they also must pay add-on charges by various names–  documents fees, notary fees, etc.  In a […]

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