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Volume 1, No. 5 - June 2010
 
News You Can Use
- Updating you on what's going on


Electronic license IDs to be issued
Beginning July 1, 2010, we will start issuing license identifications (IDs) online to new licensees and you, if you should need a duplicate license. You can continue to use your current license ID card and do not have to print a new one. However, if you should ever need another copy of your license, all you have to do is log in to your MyProfile account, request a “Duplicate License” and follow the simple steps to print it.

This service allows new and existing licensees to print their license ID at their own convenience through their MyProfile account. You will have up to 7 days from the date you print your electronic license ID to print additional copies. The license ID is encrypted to ensure security and available in both wallet and certificate sizes, which you can laminate if you wish. If your customers have any questions, they can check our web site (www.MyFloridaCFO.com/Agents) to validate the current status of a license.

Please note that due to specific legal requirements, bail bond agents will continue to receive photo license ID cards, which will be 2nd day mailed to the agent.

No Florida licensing exams offered July 1 through July 5
Florida’s insurance licensing examination vendor, PearsonVUE, will not be offering any Florida licensing examinations Thursday, July 1 through Monday, July 5 due to system upgrades and the July 4 holiday weekend. It is recommended to those seeking licensure during this period to schedule their examination prior to July 1.

Rules for federal immigration bonds effective July 5
Rules clarifying that a general lines agent license is required to transact federal immigration bonds will become effective on July 5, 2010. No other license is needed. Additionally, the rules state an agent holding only a limited surety (bail bond) agent license may not transact federal immigration bonds. The rules further specify that a general lines agent may not transact bail bonds unless he or she also holds a limited surety agent license and appointment.
Click here to read the rules >>>

Proposed rule chapter for bail bond agent penalty guidelines
We are proposing a rule chapter to establish clear and consistent standards for penalties imposed upon bail bond agents for violations of statutes and rules. The proposed rules also incorporate a new form that is to be used by us when offering bail bond agents the opportunity to pay a fine for certain alleged non-criminal violations, in lieu of the administrative hearing process. If requested, a rule hearing will be held on July 8, 2010, at 10:00 a.m.
Click here to read the notice >>>

NFIP Will Cover Hurricane-Driven Oil Damage, FEMA Confirms
The National Flood Insurance Program (NFIP) will pay claims for damage to homes and contents from oil driven ashore during hurricanes, its officials have announced. They've advised that to recover damages stemming from the additional risks oil poses should a hurricane strike, claimants seeking payment under the NFIP must prove there is a flood as defined in the standard flood insurance policy. If that can be proven, damage caused by pollutants to commercial risks is limited to $10,000. Home and condo payments will be limited to policy limits, and oil or water with oil in the yard is not covered. The cost of complying with any local or state ordinance, including one that requires special removal methods for oil, is specifically excluded, with the exception of certain floodplain management mitigation requirements. There will be no coverage for testing for, or the monitoring of, pollutants unless there is a law or ordinance requiring it. 
Click here to read the memo from FEMA >>>

Make sure you get official notices from us
Add FloridaAgentLicensing@MyFloridaCFO.com to your Safe Senders List to ensure you are able to receive all notifications from us. Licensees who have a valid e-mail address on file with us, as required by law, receive important e-mail notifications when something that affects your application, license, continuing education, or appointment(s) occurs.  You can update your contact information through your MyProfile account.  We want to keep you informed in a timely manner of pertinent information important to you. You are still required to abide by the Florida Insurance Code regardless of whether you read the information we provide.