Agent & Agency Conference Call Tuesday, September 18, 2012 - - PowerPoint PPT Presentation

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Agent & Agency Conference Call Tuesday, September 18, 2012 - - PowerPoint PPT Presentation

Sep 05, 2023 250 likes •388 views

Florida Department of Financial Services: Agent & Agency Conference Call Tuesday, September 18, 2012 Purpose of Conference call To communicate vital information to education providers and offer a channel for our providers to share

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Florida Department of Financial Services: Agent & Agency Conference Call

Tuesday, September 18, 2012

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SLIDE 2

Purpose of Conference call

  • To communicate vital information to

education providers and offer a channel for

  • ur providers to share information with the

Department.

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Agenda

  • 5-hour course

– Status – Requirements – Outline – Transition – Application submittals

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Status of 5-hour course

  • Outline in draft form
  • Rule proposal submitted- being reviewed by

legal

  • IT aware of needed changes
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5-hour course

  • May be approved in any of the following lines
  • f authority:

– 1. Life and Variable Annuity – 2. Life Health and Variable Annuity – 3. Health – 4. General Lines – 5. Adjuster – 6. Public Adjuster – 7. Bail Bonds

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5-hour course

  • Must be a minimum of 5 hours
  • 5 hours must follow the Department outline
  • Excess hours goes to standard
  • Expires after two years from approval date
  • Please wait for Department notification before

submitting applications

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Outline

  • A. Regulatory Awareness
  • B. Insurance Law and Updates
  • C. Ethical Requirements
  • D. Trends
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Transition

  • First required group of licensees will have until

10/31/2014 to complete this course.

  • Course will not replace other required courses

for compliance periods not requiring the 5- hour course.

  • Course will be applied to standard hours on

compliance cycles not requiring the 5-hour course.

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SLIDE 9

Transition

  • Encourage licensees to complete prior cycle

requirements before taking the 5-hour course.

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Transition

  • Licensees with compliance cycles ending

9/30/2014 or earlier must:

– complete courses in the same line of authority as their license – take intermediate or above level courses if licensed for 6 years or more – complete separate sets of hours for agent and adjuster requirements if licensed as both

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Application Submittals

  • IT Enhancements
  • Future notification for date of acceptance
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SLIDE 12

Q & A

  • *6 to mute and un-mute phone
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Wrap up

  • Next conference call on November 6th, 2012.
  • Communicate through

Education@myfloridacfo.com