RESIDENT TITLE INSURANCE AGENCY
TYPE AND CLASS:
Resident Title Insurance Agency (4-12)
Florida Statutes 626.841 (2) defines a
"TITLE INSURANCE AGENCY" as insurance agency
under which title insurance agents and other
employees determine insurability in
accordance with underwriting rules and
standards prescribed by the title insurer
represented by the agency, and issue and
countersign commitments, endorsements, or
policies of title insurance, on behalf of
the appointing title insurer. The term does
not include a title insurer.
Complete an online application for License
and submit appropriate fees.
Apply for license
Business must be located in Florida.
At time of application and throughout the
existence of the license, the entity must
provide the name, social security number,
and address of a licensed resident title
agent or an attorney in good standings with
the Florida Bar. The licensed title agent or
attorney will be in full time charge.
Majority owner, partner, officer and
director of the agency must be fingerprinted. [Click here and follow the instructions]
- Fidelity bond in an amount of not less than
$50,000. [ss. 626.8419(1)(a), F.S.]
- Surety bond in an amount not less than $35,000 made payable to the title insurer or title insurers appointing the agency. The surety bond must be for the benefit of any appointing title insurer damaged by a violation by the title insurance agency of its contract with the appointing title insurer.
[ss. 626.8419(1)(c), F.S.] Please contact your title insurer(s) regarding this if you have questions. Please do not send your bond to the Department.
- Errors and omissions insurance in an amount
not less than $250,000 per claim and an
aggregate limit with a deductible not greater
than $10,000 [ss. 626.8419(1)(b), F.S.].
- The Division of Treasury, Bureau of
Collateral Management can be contacted at (850) 413-3167 or their website.