For insurance professionals working in Florida, including insurers, brokers, MGAs, underwriters and compliance teams, the Florida OIR release describes an unlicensed or unauthorized insurance entity as engaging in the business of insurance without obtaining the required license or authorization from the Florida OIR, including selling, soliciting, negotiating or advertising insurance products or insurance-related coverage – including service contracts and extended warranties – and notes that the Florida OIR actively investigates reports of unlicensed business. Is. activity and is releasing a new consumer website highlighting unlicensed activity collected by Florida OIR.
Florida OIR orders company with $2.2 million warranty premium to end unlicensed business & more related News Here
