Volume 2, No. 7 - November 2011

In The Know

- Keeping you informed is what it's all about

New Helpful Licensing Tutorial Now Available

Our division's website got its long-awaited tutorial to assist customers with identifying the correct license they need and the link to its qualification webpage, which tells them step-by-step how to obtain the license. We expect this to help all future licensees, current licensees looking to expand their licensure, and to lessen the number of phone calls made.

Rule Regarding Use of Designations Becomes Effective

Rule 69B-215.235, Florida Administrative Code, became effective on November 16, 2011. The rule relates to the use of designations and certifications in the marketing and sale of insurance products.

The purpose of the rule is to extend guidance and set forth standards in the use of professional designations or certifications by licensees engaged in the marketing and sale of insurance products. The rule clarifies that the only lawful designations that may be used are those granted by recognized organizations that maintain published standards and procedures that assure the ongoing competency and ethical conduct of members or conferees. The rule prohibits any use of self-conferred or baseless designations by licensees. The rule is designed to protect consumers from deceptive trade practices by licensees who claim, or falsely imply, certain levels of expertise or credentials that could reasonably lead consumers to place unwarranted confidence in the quality, accuracy, or veracity of their statements.

[See Rule 69B-215.235, Florida Administrative Code]

Rule Regarding Temporary Orders of Suspension of Bail Bond Agents Becomes Effective

Rule 69B-221.010, Florida Administrative Code, became effective on November 13, 2011.  The rule relates to temporary orders of suspension of bail bond agents.

Section 648.45, F.S., states the department shall temporarily suspend a bail bond agent's license when the licensee has been charged with a felony or a crime involving moral turpitude or a crime punishable by imprisonment of 1 year or more. The statute section allows the bail bond agent under a temporary order of suspension to discharge liability on bonds effected before the order is issued. The statute is not specific as to what activities a bail bond agent may perform under a temporarily suspended license. The rule identifies specific activities a bail bond agent whose license is temporarily suspended may perform.

[See Rule 69B-221.010, Florida Administrative Code]

The 2012 Annual Title Administrative Surcharge is Coming Up

Subsection 624.501(27)(e)2, Florida Statutes, requires any title insurance agency licensed in Florida on January 1 of each year to remit an administrative surcharge of $200 to the Florida Department of Financial Services . Therefore, we are reminding all title agencies that the 2012 administrative surcharge due date is approaching. Any title insurance agency licensed in Florida on January 1, 2012, will be sent an emailed invoice a few days after that to the agency's email address on file with the Department. To ensure you receive the invoice and avoid failing to pay by the January 30 due date, please log in to the MyProfile account for your title agency and make sure the correct email address is on file. While doing so, we also recommend to do the same for your individual MyProfile account. Failure to pay the surcharge on or before January 30 may result in administrative action and/or a fine of $500 in addition to the original surcharge. To assure that your payment is properly credited, please return all invoices covered with your check.

CMS Pre-existing Condition Insurance Plan Webinar

The Centers for Medicare & Medicaid Services, Atlanta, cordially invite you to attend their Pre-existing Condition Insurance Plan (PCIP) webinar on Monday, December 5th, 2011, at 1:00 p.m. EST. This new program offers health insurance coverage to individuals with medical conditions that may have kept them from getting health insurance in the past. Additional topics to be discussed during this webinar are surveillance and Medicare enrollment periods.

Why should you attend? This webinar will provide you with valuable information on who is eligible for PCIP and how you as an agent can benefit from the program, the do's and don'ts of agent/broker behavior, and information on Medicare enrollment periods.

Please register by Monday, December 5th at http://www.cms.gov/apps/events/upcomingevents.asp?strOrderBy=1&type=3. (Please locate training for the Pre-existing Condition Insurance Plan Webinar held on Dec. 5th). If you have any additional questions, please contact Jacqueline.edwards@cms.hhs.gov.

The webinar will begin at 1:00 p.m. EST. on Monday, December 5th, 2011. Please mark your calendars.

Please join CMS for a Connect Pro Pre-existing Condition Insurance Plan (PCIP) Webinar Meeting:

To access the AUDIO portion of this conference.
Dial: 877-267-1577
Meeting ID: 9441 #

To join the Webinar meeting, go to:
https://webinar.cms.hhs.gov/pcip/

If you are unable to attend the December 5 webinar, CMS will host the same webinar on December 12 (Call-in information for the December 12 webinar is 1-877-267-1577, Meeting ID #7685). Please register for either webinar at the above link.

If you have never attended a Connect Pro meeting before:
Test your connection: https://webinar.cms.hhs.gov/common/help/en/support/meeting_test.htm
Get a quick overview: http://www.adobe.com/go/connectpro_overview

 

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