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NONRESIDENT AGENCY REGISTRATION*
TYPE AND
CLASSES:
- 90-05 Agency
(Registration)
___________________________________________________________________________________________________________________
Florida Statutes 626.015
(8) defines an “INSURANCE AGENCY” as a business
location which an individual, firm, partnership,
corporation, association, or other entity
engages in any activity or employs individuals
to engage in any activity which by law may be
performed only by a licensed insurance agent.
Florida Statutes 626.112 (7)(a)
defines “AGENCY REGISTRATION” as
a registration that is obtained
by the agencies that were in
business prior to January 1,
2003, which is wholly owned by
insurance agents currently
licensed and appointed under
this chapter, each incorporated
agency whose voting shares are
traded on a securities exchange,
each agency whose primary function is offering
insurance as a service or member benefit to
members of a nonprofit corporation, and each
agency who is regulated by the
National Association of
Securities Dealer (NASD).
Application
Qualifications:
-
Complete an online
application for License.
Apply for license
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Business must not be
located in Florida.
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The sole
proprietor, partner, owner, president,
senior vice presidents, treasurer,
secretary, directors and any other person
who directs or participates in the
management or control of an incorporated
agency whose shares are not traded on a
securities exchange are required to be
fingerprinted. Two fingerprint cards
are mailed to the applicant for each
sole proprietor,
partner, owner, president, senior vice
presidents, treasurer, secretary, directors
and any other person who directs or
participates in the management or control of
an incorporated agency whose shares are not
traded on a securities exchange.
-
Must be an insurance
agency that is wholly owned by licensed and
appointed insurance agents; or
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Must be an
incorporated agency whose voting shares are
traded on a securities exchange; or
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Must be an agency
whose primary function is offering insurance
as a service or member benefit to members of
a nonprofit corporation.
-
Must be an agency regulated
by the National Association of Securities
Dealer (NASD).
Special Notes
The application for an
agency registration must be filed on or before
October 1, 2006. Failure to submit an
application by that date will result in a
penalty in an amount of up to $5,000.
The owner or owners of the
agency shall sign an application for an
insurance agency registration. If the agency is
incorporated, the president and secretary of the
corporation shall sign the application.
An agency registration is
perpetual and does not have to be renewed.
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