Opening A TITLE INSURANCE Agency in Florida

from Florida Dept of Financial Services


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.

Naming your title agency

Florida law prevents you from naming your agency anything that would be misleading or deceptive in any way. Names chosen should not imply that the agency is an insurance company, governmental agency, or any other national or state organization. We will not allow any agency to use a name that does not meet this criteria. If you use the words "title insurance," "title guaranty," or "title guarantee" in your agency's name, you must follow it with the word "agency" in the same size and font. [s. 626.602 and 626.8413, F.S.]

Obtain a title insurance agency license

No individual or business can act as a title insurance agency unless it possesses a title insurance agency license. You apply for a license through MyProfile using the agency's information (Federal Employer Identification Number, etc.).  [s. 626.8411, 626.8412, and 626.8418, F.S.]

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