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.

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.