Surplus lines insurance license florida. .



Surplus lines insurance license florida. The Florida Surplus Lines Service Office does not provide legal or tax advice. The Florida Surplus Lines 1-20 License allows licensed individuals to transact the placement of insurance coverages with unauthorized insurers and to place such coverages with authorized insurers as to which the licensee is not licensed as an agent. com Mar 21, 2025 · In this detailed Surplus Lines Insurance guide, we will cover everything you need to know about acquiring this license, from the qualifications you must meet to the specific steps required to get started. A surplus lines license [1-20 (Resident) or 91-20 (Non-Resident)] is required for individuals to place insurance coverages with non-admitted insurers. For details on each of these steps, please refer to the Agent Licensing Requirements page, which will give you step-by-step instructions. You may also need an additional license for surplus lines, depending on the state's specific requirements. Obtaining a Florida surplus lines license is a multi-step process that includes pre-qualification, applying for the license, and an examination. Insurer Surplus Lines Insurers A foreign or alien unauthorized insurer made eligible by the Florida Office of Insurance Regulation (OIR), a federally authorized insurer as classified by the OIR under the provisions of the Nonadmitted and Reinsurance Reform Act or an alien insurer listed on the NAIC IID List. Be licensed as a Florida non-resident general lines insurance agent (9-20); and, Hold a license as a resident surplus lines agent in the applicant's home state (principal place of residence or business). All individuals in the state of Florida who hold an insurance license must adhere to specific requirements set forth by the Florida Department of Financial Services (DFS) to maintain a license in good standing. Jan 3, 2025 · Navigate Florida's surplus lines insurance landscape with our comprehensive guide on rules, compliance, and legal protections. Be a United States citizen or legal alien who possesses a work authorization from the United States Immigration and Naturalization Services. Whenever agents, brokers, companies, or policyholders have specific questions pertaining to business practices, tax implications, or statutory interpretation, we urge the respective parties to seek the counsel of a competent attorney or tax consultant licensed in the A person insured by a Surplus Lines – Federally Authorized insurer does not have the protection of the Florida Insurance Guaranty Act to the extent of any right or recovery for the obligation of an insolvent unlicensed insurer. To sell surplus lines policies in Florida, you'll typically need a property and casualty license, which requires passing an exam. ) FSLSO’s 60-Hour Pre-Licensing Course provides prospective Florida surplus lines agents the opportunity to complete the pre-licensing requirement for the surplus lines (1-20) license. Florida law requires that in order for a non-resident surplus lines agent to obtain a license in Florida, the applicant must hold a resident surplus lines license in his/her home state (Residents of New York are not eligible to obtain a Florida surplus lines license. To review the steps to obtain a Florida resident surplus lines agent license (1-20) or a Florida non-resident surplus lines agent license (91-20), please click the appropriate links below: See full list on myfloridacfo. . 7t p6o kohwzm b2eki 8gg gozv0qzbq m9phd c7i kqw w9fohmlpa