- Updating you on what's going on
A Notice of Rule Development has been filed with the
Florida Department of State to repeal subsection (5)(d)
of Rule Chapter 69B-220.201, Florida Administrative
Code, relating to adjuster ethical requirements. The
repeal of this subsection is required due to the
enactment of subsection 626.854(11), Florida Statutes,
by the Florida Legislature. Subsection 626.854(11)
supersedes the above referenced rule provision. If
requested, a hearing will be held on May 10, 2011.
Click here to read
the notice >>
Amendments to Rule 69B-221.051, Florida
Administrative Code, relating to bail bond forms became
effective April 18, 2011.
Click here to read the
amended rule >>
Florida Chief Financial Officer Jeff Atwater released the following statement recognizing Senators Chris Smith
(D-Oakland Park), John Thrasher (R-Jacksonville), and Garrett Richter (R-Naples) for their efforts to pass two measures
that will help fight automobile insurance fraud - requiring law enforcement officers to list all passengers in
an accident and the creation of civil penalties for those convicted of auto insurance fraud, the proceeds of
which will be used to fund additional anti-fraud efforts.
Click here to read the press release >>
Florida CFO Jeff Atwater announced the arrest
of a former Boca Raton insurance agent for scamming a
78-year-old Miami woman out of $25,000. Jeffrey
Schneider, 44, has been charged with four felony counts
including scheme to defraud and theft from a person over
65 years of age. Schneider acted without a license,
which was revoked in March 2010 for numerous licensure
violations.
Click here to read the press release >>
On May 19, 2011, the Office will conduct a public hearing to evaluate a potential industry practice that involves claim settlement practices, use of the U.S. Social Security Administration's Death Master File, and compliance with unclaimed property laws.
Click here to read the
advisory >>
Florida CFO Jeff Atwater announced that a judgment has been entered against the former owners of Aries Insurance
Company, Inc. for more than $76 million. The insolvency of Aries Insurance Company left approximately 58,000 policyholders
and creditors with unpaid claims when it was ordered into receivership in 2002 and two state guaranty funds were triggered to
pay those claims.
Click here to read
the press release >>
Florida CFO Jeff Atwater announced the arrest of Larry Yale Krakow, 53, of Delray Beach, on charges of organized scheme to
defraud and grand theft involving numerous senior annuity transactions in the Palm Beach County area. The arrest follows a
nine-month suspension and a $25,000 fine previously levied against Krakow following an extensive administrative review by
Department's Division of Agent and Agency Services. The arrest was made by the Department's Division of Insurance Fraud.
Click here to read
the press release >>
Add FloridaAgentLicensing@MyFloridaCFO.com to your e-mail software's Trusted or 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.