Protecting the Insurance-Buying Public by Licensing Competent and Trustworthy Individuals and Entities and Expeditiously Investigating Alleged Violations of the Florida Insurance Code

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Licensure & Compliance

RESIDENT AND NONRESIDENT CREDIT INSURANCE AGENT FOR A FIRM*

TYPE AND CLASSES:

• 2-29 Credit Insurance Agent (Firm)

Florida Statutes 624.605 (1) (i) defines “CREDIT INSURANCE” as a form of casualty insurance and is insurance against loss or damage resulting from failure of debtors to pay their obligations to the creditor (including loss or damage resulting from the involuntary unemployment of the debtors), except insurance against loss or damage resulting from the death or disability of the debtors. However, insurance may not be written as credit insurance if it falls within the definition of financial guaranty insurance, as defined in s. 627.971.

Application Qualifications:

• Complete an online application for License and submit appropriate fees. Apply for license
• If Resident, the majority owner, partner, officer and director of the agency must be fingerprinted by the County School Board, via Livescan process. Fingerprint locations and additional information
  If Nonresident, two fingerprint cards are mailed to the applicant for each majority owner, partner, officer and director of the agency.
• Requirements for applicants with prior criminal history (Click Here)

Special Notes

An entity holding a credit insurance license is authorized to sell credit life or disability insurance and credit property insurance.

Each office, branch office or place of business making use of the entity’s business name must file an “Application for Branch Office” after the primary location obtains the license.