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
NON-RESIDENT MORTGAGE GUARANTY INSURANCE AGENT
TYPE AND CLASSES:
-
9-30 Nonresident 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 United States citizen or legal alien who possesses a work
authorization from the United States Immigration and Naturalization
Services.
- Be fingerprinted on cards provided by the Florida Department
of Financial Services. Two fingerprint cards are mailed to the applicant.
- 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.
