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 MORTGAGE GUARANTY INSURANCE AGENT
TYPE AND CLASSES:
-
2-30 Mortgage Guaranty Insurance
Florida Statutes
635.011 (1) defines MORTGAGE GUARANTY
INSURANCE as a form of casualty insurance
insuring lenders against: (a) Financial loss
by reason of nonpayment of principal,
interest, and other sums agreed to be paid
under the terms of any note, bond, or other
evidence of indebtedness secured by a
mortgage, deed of trust, or other instrument
constituting a lien or charge on real estate
which contains a residential building or a
building designed to be occupied for
industrial or commercial purposes, and (b)
Financial loss by reason of nonpayment of rent
and other sums agreed to be paid under the
terms of a written lease for the possession,
use, or occupancy of real estate, provided
such real estate is designed to be occupied
for industrial or commercial purposes.
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
- A General Lines Agent
is qualified to represent a mortgage
guaranty insurer without an additional
license.
- Applicant must not be licensed for this type
of license and as a motor vehicle physical
damage and mechanical breakdown agent or an
industrial fire agent simultaneously.
