Protecting the Insurance-Buying Public by Licensing Competent and Trustworthy
Individuals and Entities and Expeditiously Investigating Alleged Violations
of the Florida Insurance Code
Licensure & Compliance
RESIDENT CREDIT PROPERTY INSURANCE AGENT
TYPE AND CLASSES:
-
2-22 Credit Property Insurance
Florida Statutes 626.321 (1) (g) defines a “CREDIT PROPERTY INSURANCE
AGENT” as a limited line of insurance providing coverage on personal
property used as collateral for securing a loan or on personal property
purchased under an installment sales agreement. Credit property insurance
shall not be considered to be property insurance. The coverage shall
be issued on an inland marine policy form, and coverage limits shall
be restricted to the initial amount of the loan or the amount of the
installment sale.
Application Qualifications:
- Complete an online application for License and submit appropriate
fees.
Apply for license
- Be a natural person at least 18 years of age.
- Be a resident of the state of Florida.
- Be a United States citizen or legal alien who possesses a work
authorization from the United States Immigration and Naturalization
Services.
- Be fingerprinted at one of the Department's fingerprint sites.
Fingerprint locations and additional information
- If licensed in another state within three years, provide a Letter
of Clearance.
- Requirements for applicants with prior criminal history
(Click Here)
Special Notes
The individual must not be employed by or associated with a lending
or financial institution as defined in Section 655.005 (1) (g), (h),
(p) Florida Statutes and authorized to sell such insurance only with
respect to a borrower or debtor, not to exceed the amount of the loan.
