Volume 1, No. 6 - August 2010
News You Can Use
- Updating you on what's going on

Florida Co-sponsors Resolution Preserving the Role of Health Insurance Agents
The NAIC adopted a resolution that Florida co-sponsored to protect the ability of licensed insurance professionals to continue serving the public. The resolution affirms the important role of health insurance agents in providing services to consumers and businesses as standards for implementing the Patient Protection and Affordable Care Act (PPACA) are developed.
Click here to read NAIC press release >>>

Bogus Health Insurance Being Marketed in Florida
We are warning insurance agents and consumers of the solicitation of unauthorized health insurance plans sold by the Association of Independent Managers (AIM). The Office of Insurance Regulation (OIR) has issued a Cease and Desist Order to AIM. Preliminary estimates indicate as many as 1,800 consumers have already purchased these illegitimate health plans from AIM. The DFS has received complaints from consumers involving many agents soliciting health benefits through different unauthorized entities. Most notably, AIM recently marketed "AIM Health Plans." Agents and unlicensed individuals who sell unauthorized insurance can be required to pay all unpaid claims, as well as face felony charges. Agents can also lose their license and are urged to verify the companies they represent are licensed in Florida before they sell.
Click here to read how you can verify your companies >>>

Proposed implementation for license ID changes
The proposed rule revisions carry out a budget reduction from the 2010 legislative session of approximately $420,000. We now permit licensees to print their insurance license ID electronically via a secure internet connection. The proposed rule revisions will not affect license ID cards for bail bond agents. Due to specific legal requirements, bail bond agents will continue to receive photo license ID cards. A hearing will be held on September 15 for the proposed rule revisions.
Click here to read the notice >>>

Proposed rules on unlawful inducements
The proposed rules define the term "unlawful inducement" and provide examples of prohibited acts and practices that are unlawful inducements to purchase insurance. One of the rules is specifically for title insurance. Hearings will be held on September 20 for the proposed rules.
Click to read the rule notices: <General> <Title>

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.  Additionally, we can keep you informed with warnings regarding new schemes and scams being marketed to licensees.  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.