Opening a Title Insurance Agency
So, you’re thinking about opening a title 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 title agencies could be very beneficial to you. After all, you want to maintain a successful title agency. Insurance laws are located in Title XXXVII of the Florida Statutes and in Chapters 69B and 69O of the Florida Administrative Code.
Here’s a quick overview of laws and procedures that new (and not-so-new) agents frequently inquire about, along with the applicable cites, for opening a title insurance agency. If that's not for you, maybe you want to check out the guidelines for opening major lines insurance agencies - bail bond agencies and adjusting firms coming soon.
Please make sure you view these references:
Florida Administrative Code rules
69B-222 Unlicensed insurance personnel
69B-186.008 Escrow Disbursements
69B-186.010 Unlawful Rebates and Inducements Related to Title Insurance Transactions
69O-186.003 Title Insurance Rates
69O-186.008 Escrow Requirements
69O-186.009 Reconciliation of Escrow Accounts
69O-186.013 Title Insurance Statistical Gathering