Florida DFS Issues Insurance Agency License Renewal Instructions
Jun 12, 2009
The Florida Department of Financial Services (“DFS”), Division of Agent and Agency Services issued a notice providing instructions for insurance agency license renewals.
Florida Law requires all licensed insurance agencies to renew their license every three years. Agency licenses must be renewed online at www.myfloridacfo.com/agents. To assist with the agency license renewal process, the DFS has created a video tutorial, which may be viewed by clicking here.
The notice on agency license renewal is printed below.
Should you have any questions or comments, please contact Colodny Fass.
Agency License Renewal
Florida Law requires all licensed agencies to renew their license every three years. Florida Law does not require registered agencies to renew their registration.
Agency licenses must be renewed online at www.myfloridacfo.com/agents. Click on MyProfile, then “Insurance Agency,” and log in using the agency’s FEIN and license number. If your agency is licensed as a sole proprietor, log in using your Social Security Number and agency license number. Once logged in, select “Renewal” and proceed with the renewal process.
There are no fees required to renew an agency license. We will mail a new agency license wall certificate to the agency within three (3) days after the agency submits the renewal application to us.
Currently, we mail a renewal notice to all agencies 90 days before the expiration date of the agency license. A licensed agency can renew their agency license between the date they receive the renewal notice and the expiration date of the license. In the near future, we will no longer mail renewal notices; instead, we will send an e-mail notification to the e-mail address we have on file for the agency.
It is very important that you keep your agency’s e-mail address updated with the department. In the near future, the department will communicate with your agency exclusively by e-mail. Additionally, please ensure that all licensees in your agency keep their individual e-mail addresses updated with the department. We will also be communicating with them exclusively by e-mail in the near future. Individual licensees can update their e-mail addresses by logging in to MyProfile using their individual login.
If your agency is closed or no longer transacting business in Florida, send a written statement signed by the owner or an officer stating the agency would like to surrender its license. Fax the statement to 850-413-3291. Failure to renew your agency license will result in the agency license expiring and losing the authority to transact business in Florida. Transacting insurance business without a license will result in disciplinary action.
To assist you with the agency license renewal process, we have created a video tutorial to walk you through each step of the agency license online renewal application. Please click here to view the tutorial.
If after reading the information above and viewing the video tutorial you still have questions regarding the agency license renewal process, please contact our Licensing Help Line at (850) 413-3137.
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