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ARTICLE · 26 JANUARY 2015

Florida Implementing New Insurance Agency Licensing Law

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In 2014, the Florida Legislature enacted a law that makes significant changes to the way insurance agencies are licensed in Florida.

United StatesInsurance
Kevin Fitzgerald
Kevin Fitzgerald
Nicholas Paquette
Nicholas Paquette
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In 2014, the Florida Legislature enacted a law that makes significant changes to the way insurance agencies are licensed in Florida. The new law amends Florida's insurance agency licensure law, and is intended to streamline the licensing process and better align the regulation of insurance agencies in Florida with other states. The Florida Department of Financial Services (the DFS) began implementing the law on January 1, 2015; however, to date, the DFS has not released any official guidance on how it will interpret the revised provisions of the law or how it will tackle the logistical issues that are likely to arise during implementation. The key provisions of this law, along with some potential issues, are discussed below.

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