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Opening an Insurance Agency

So, you’re thinking about opening your own insurance agency?!

Well, before you open the doors for the first time, a review of the laws and rules affecting insurance representatives and the operation of Florida agencies could be very beneficial to you. After all, you want to maintain a compliant agency. Insurance laws are located in Title XXXVII of the Florida Statutes and predominantly in Chapter 69B of the Florida Administrative Code.

Here’s a quick overview of the laws and procedures that new (and not-so-new) agents frequently inquire about, along with the applicable legal citations, for opening a major* lines insurance agency.  If that's not for you, be sure to check out the guidelines for opening title insurance agencies and bail bond agencies.

Have questions? You may find the answers you are looking for by reading our frequently asked questions.

Please make sure you view these references:

Florida Statute sections

626.536 Reporting of actions
626.561 Reporting and accounting for funds
626.572 Rebating; when allowed
626.7352 Customer representative’s office
626.7354 Customer representative’s powers; agent’s and agency’s responsibility
626.748 Agent’s records
626.749 Place of business in the residence (general lines)
626.797 Code of ethics (life, health and variable annuities)

Florida Administrative Code rules

69B-150 Life and health advertising requirements
69B-211 Insurance Representatives
69B-213 Customer Representatives
69B-215 Agents
69B-222 Unlicensed insurance personnel

Good luck with your new agency!