RESIDENT AGENCY REGISTRATION

TYPE AND CLASSES:

• 20-05 Agency (Registration)

Florida Statutes 626.015 (8) defines an “INSURANCE AGENCY” as a business location which an individual, firm, partnership, corporation, association, or other entity engages in any activity or employs individuals to engage in any activity which by law may be performed only by a licensed insurance agent.

Florida Statutes 626.112 (7)(a) defines “AGENCY REGISTRATION” as a registration that is obtained by an agency whose voting shares are traded on a securities exchange, each agency whose primary function is offering insurance as a service or member benefit to members of a nonprofit corporation, or each agency who is regulated by the National Association of Securities Dealer (NASD).

Application Qualifications:

• Complete an online application for License. Apply for license
• Business must be located in Florida.
• Must be an incorporated agency whose voting shares are traded on a securities exchange; or
• Must be an agency whose primary function is offering insurance as a service or member benefit to members of a nonprofit corporation; or
• Must be an agency regulated by the National Association of Securities Dealer (NASD).
• Must have an agent-in-charge licensed and appointed in at least one of the following lines of authority:
• General Lines (2-20)
• Life (2-16)
• Life including Variable Annuity (2-14)
• Health (2-40)
• Health and Life (2-18)
• Health and Life including Variable Annuity (2-15)

Special Notes

• The owner or owners of the agency shall sign an application for an insurance agency registration. If the agency is incorporated, the president and secretary of the corporation shall sign the application.
• An agency registration is perpetual and does not have to be renewed.
• Per Section 626.172 (6), fingerprints are not required for any individual that currently holds a license or to corporations whose voting shares are traded on a securities exchange.