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  Vol. 9, No. 3 - Fall 2020

In The Know

Important Information Regarding COVID-19 and Business Operations - Licensing

Due to the response to COVID-19, Pearson Vue testing locations continue operating at a limited seating capacity. However on May 20, 2020, many third party testing locations in Florida began offering our exams, which made additional testing times available throughout the state. To search for test centers and register for exams, please visit https://home.pearsonvue.com/fl/insurance.

There continues to be over 40 LiveScan fingerprinting locations open in Florida. To search fingerprint locations and register for fingerprinting services, please visit www.L1enrollment.com/FLInsurance.

Due to limited testing availability, temporary licensing is now available for certain license types. See below for more detailed information about obtaining these licenses.

Per CFO Directive 2020-07, Florida will begin issuing the following resident temporary licenses:

  • Temporary Life and Variable Annuity Contracts (T2-14)
  • Temporary Health (T2-40)
  • Temporary Personal Lines (T20-44)

Key points of the Order:

  • This Order applies to resident licenses only. Temporary non-resident licenses will not be issued. Qualifications for non-resident licenses remain the same.
  • For the temporary licenses above, passing the state licensing examination is NOT required. ALL other qualifications for the licenses are required, including fingerprints, pre-licensing courses, etc.
  • The temporary license applications can only be submitted through the applicant's individual MyProfile account.
  • If applicant intends to obtain the permanent version of the license, make sure to apply for both the temporary and permanent license on the same application. This will save the applicant an additional $50 application fee, plus help ensure the permanent license is issued once the test centers re-open, and the applicant passes the applicable state examination.
  • Please click here for instructions on applying for a temporary and permanent license in the same application.
  • If the applicant ultimately wants a permanent 2-15 Life, Health and Variable Annuity license, the applicant should apply for the temporary T2-14 Temporary Life and Variable Annuity and T2-40 Temporary Health licenses AND the permanent 2-15 Life, Health and Variable Annuity license on the same application.
  • A 2-20 General Lines pre-licensing course may be used to obtain the T20-44 Temporary Personal Lines license. Temporary General Lines licenses will NOT be issued.
  • These temporary licenses will not show on the PDB, but will be displayed on the Department's Licensee Search.
  • Appointments are still required. Appointments can be submitted through the Department's eAppoint system.
  • These temporary licenses will expire six (6) months after the date of issuance, or upon issuance of a permanent license of the same type and class, whichever occurs first.
  • Permanent licenses still remain available for these license types IF the applicant qualifies via one of the avenues which exempts the state licensing exam (e.g., transfer, certain designations, college degree and required college courses, etc). Review the individual qualification page for the applicable license type to review all the ways to qualify.

In order to continue operating efficiently, we strongly encourage individuals to utilize our Upload Documents feature through their MyProfile account to submit application deficiency documents, instead of emailing them to us. If the option to upload documents isn't available in someone's account, it will appear within three hours after submitting a new license application in our system. (Note: If an application is submitted through the NIPR, the option will appear once the application reaches our system, typically the day after the application is submitted to the NIPR.)

Public Adjuster Surety Bond Requirement

Florida Statutes s. 626.865(2) states:

At the time of application for license as a public adjuster, the applicant shall file with the department a bond executed and issued by a surety insurer authorized to transact such business in this state, in the amount of $50,000, conditioned for the faithful performance of his or her duties as a public adjuster under the license for which the applicant has applied, and thereafter maintain the bond unimpaired throughout the existence of the license and for at least one year after termination of the license.

All public adjusters licensed in Florida must maintain the surety bond even if your are no longer adjusting claims in Florida, or are a resident or non-resident adjuster. Failure to maintain the surety bond may result in formal administrative action against your license. The action will be reported to the National Association of Insurance Commissioners and entered into their data base for all states to view, which could adversely affect your standing in another state.

If you no longer want to maintain your license you can cancel or voluntarily surrender the license, by accessing your MyProfile account and selecting "Cancel Licenses". You can also send an email to AgentLicensing@MyFloridaCFO.com requesting your license be cancelled and Include your license number.

COVID-19 Extension for Customer Representatives Extended Through November 3, 2020

Governor Ron DeSantis issued Executive Order 20-213 to extend Executive Order 20-52, which declared a public health emergency in Florida. As a result of this extension, the Directive of CFO Jimmy Patronis that allows 4-40 licensees to work remotely also has been extended until the expiration of the Governor's Order.

Unless the Order is extended, the guideline expires after November 3, 2020 and customer representatives may no longer work from locations other than the agency they are employed by.

We recommend all affected agencies, agents in charge, supervising general lines agents and customer representatives continue to monitor future developments on this topic under "Industry Alerts" on the Division's website to maintain compliance.


RegTap 2020

Marketplace Plan Year 2021 Registration and Training

Plan year 2021 Marketplace registration and training for agents and brokers is now available on the Centers for Medicare & Medicaid Services (CMS) Enterprise Portal.

Check out this resource to learn more about the plan year 2021 registration and training process (PDF).

Annual Marketplace Registration and Training Requirements

New Agents and Brokers

Agents and brokers who are new to the Marketplace this year, or who did not complete plan year 2020 registration and training, are required to take the full Individual Marketplace training for plan year 2021. New agents and brokers can take Individual Marketplace training either through the Marketplace Learning Management System (MLMS) or the CMS-approved vendor.

Check out this quick guide for new agents and brokers to help you through the registration and training steps (PDF)

Returning Agents and Brokers

Agents and brokers who completed plan year 2020 Individual Marketplace registration and training will be eligible to take shorter training for plan year 2021, as well as optional review modules. Returning agents and brokers can take training either through the MLMS or the CMS-approved vendor regardless of how they completed the plan year 2020 training.

Check out this quick guide for returning agents and brokers to help you through the registration and training steps (PDF).

More information can be found at: https://www.cms.gov/CCIIO/Programs-and-Initiatives/Health-Insurance-Marketplaces/Plan-Year-2021-Registration-and-Training

FinCEN Issues Advisory on the Financial Action Task Force-Identified Jurisdictions with Anti-Money Laundering and Combating the Financing of Terrorism Deficiencies

The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to financial institutions regarding the Financial Action Task Force's (FATF) June 30 reissuance of its list of jurisdictions with strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing, with updates to two jurisdictions. These changes may affect U.S. financial institutions' obligations and risk-based approaches regarding relevant jurisdictions. The advisory also reminds financial institutions of the status and obligations involving these jurisdictions.

Read the advisory here.

Legislative Update - 2020

HB 1189 - Genetic Information for Insurance Purposes

The law prohibits life insurers and long-term care insurers from canceling, limiting, or denying coverage, or establishing differentials in premium rates based on genetic information, and prohibits such insurers from taking certain actions relating to genetic information for any insurance purpose.
Effective Date: July 1, 2020, Chapter No. 2020-159, Laws of Florida

HB 813 - Protection of Vulnerable Investors

Requires securities dealers, investment advisers, and associated persons to report knowledge or suspicion of abuse, neglect, or exploitation of vulnerable adults to the Florida Department of Children and Families (DCF): authorizes dealers and investment advisers to delay certain disbursements or transactions based on reasonable belief of financial exploitation of specified adult; requires dealer or investment adviser to notify certain persons and the Florida Office of Financial Regulation (OFR) of such delays within a specified time frame; authorizes dealers or investment advisers to extend delay; provides that length of such delays may be shortened or extended by a court of competent jurisdiction; provides immunity from administrative and civil liability for dealers, investment advisers, and associated persons; requires dealers and investment advisers to develop certain training policies or programs and maintain written records of compliance.
Effective Date: July 1, 2020, Chapter No. 2020-157, Laws of Florida

SB 1606 - Insurance Administration

Insurance Administration; Revising a certain electronic signature requirement for a motor vehicle salvage certificate of title; authorizing the payment of certain workers' compensation benefits to be transmitted to the employee's account with a licensed money transmitter; revising criteria for assessing a residential condominium unit owner's loss assessment coverage; specifying sales practice requirements, prohibited sales practices, and authorized sales practices relating to travel insurance, etc.

Effective Date: July 1, 2020 except as otherwise expressly provided, Chapter No. 2020-63, Laws of Florida

Verify before you sellAgents should always verify the companies they sell for are authorized to do business in Florida. If you suspect an entity is not authorized to transact insurance in Florida, please notify our office. Call 877-MY-FL-CFO (1-877-693-5236).

Read more

Online Sunshine

The Florida Statutes can be viewed online at Online Sunshine


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