Volume 6, No. 11 - November 2017

Compliance Corner

This section has been created to assist you in keeping your insurance business in compliance. The items are intended as reminders only. Note: Division publications may include references to the Florida Statutes and/or the Florida Administrative Code. The laws noted in our publications are/were in effect at the time of publication but may have been repealed, amended or replaced and new laws may have been enacted subsequently.

 

CMS Issues 2017 Processes and Guidelines for Becoming a Web-Broker

CMS (Centers for Medicare & Medicaid Services) has released an overview for new and existing Web-brokers.
You can review the guide at this link.

 

CMS.gov

 

Title Agencies: Update Your Info for the 2018 Administrative Surcharge

Subsection 624.501(27)(e)2, F.S., 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 2018 administrative surcharge due date will soon be approaching.

Any title insurance agency licensed in Florida on January 1, 2018, will be emailed a reminder a few days afterward to the Deadline 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 you do the same for your individual MyProfile account.

Occasionally we discover agencies that were not aware of the reminder because of the retirement or termination of the employee assigned to monitor the email address provided to the Department. Failure to open the email sent by the Department containing the administrative surcharge reminder does not release an agency from the January 30 deadline. Please verify your information soon so this does not happen to you. If you need our assistance, you may contact us at AgentLicensing@MyFloridaCFO.com to assist you through the steps to update your information. Be proactive; do not procrastinate.

Failure to pay the surcharge on or before January 30, 2018 will result in administrative action which could include a fine, in addition to the original surcharge. Payment must be made securely online via the title agency's MyProfile account. Paper checks are not accepted.

 

 

Are You CLUED In?

The answers to this puzzle may be found throughout the newsletter. The complete answer key can be found on the Contact Us page.

Across:

3. Title Surcharge must be paid by ________ 30th.

5. What deadline was extended until December 31st?

6. Programs like TLOxp, Tracers and IRB are to be used for __________ only.

7. Who recovered more than 25.9 million for Floridians since January?

10. Fraud detective awarded the Medal of Heroism for Irma Rescue

11. We hope you had a happy __________.

Down:

1.  Governor's _________ Service Medal

2. Where can you go to check your CE compliance?

4. ____________is one form of Workers Comp Fraud.

8. Federal ________ Insurance Tax

9. What condition raises risk for developing cardiovascular disease?

 

November crossword

 

 

 

 

compliance globeCompliance Information

Department licensees and consumers can access compliance information at the Division of Insurance Agent and Agency Services' web page Compliance Information. Additional information is available by type of license at our Frequently Asked Questions web page.

Note: Some information in archived articles may now be out of date or superseded by changes in Florida law. Please be sure you refer to the most current law.