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The Florida Title Agent Bond protects each title insurer under which the title agency is contracted from any breach of duty or responsibility from said contract. This surety bond also ensures the Florida title agency conducts business in accordance with all state laws, rules, and regulations, including those of Florida Statutes Chapter 626, Insurance Field Representatives and Operations.
The Resident Title Insurance Agency License (4-12) and the Non-Resident Title Insurance Agency License (4-13) are granted by the Florida Department of Financial Services, Division of Agent and Agency Services, Bureau of Licensing. Florida Statutes Section 626.8419, requires the surety bond to be posted for appointment as a title insurance agency. Florida House Bill 725 was approved on May 5, 2012, and went into effect on Oct. 1, 2012. HB 725 changed the Obligee, or payee, from the Department of Financial Services of the State of Florida to the title insurer or title insurers appointing the title agency. The name, address, and phone number of the title insurance company/companies must be listed on the surety bond.
Florida Title Agency Bonds remain in effect until canceled, which can be done by the surety company with 30 days written notice to the Principal. The bonding company will automatically renew and bill for the surety bond on an annual basis.
Contact The ProSure Group. As surety bond experts in business over 23 years in Florida, The ProSure Group has handled hundreds of Florida Title Agent Bonds over the years and has in-house underwriting authority and partnerships with more than 30 different surety companies. This ensures that we get you the quickest turnaround and best, most competitive pricing and terms available in the marketplace. You just need to complete our simple application and one of our specialists will quickly contact you.
What you will need to submit to obtain your license:
|License||Florida Title Agency Surety Bond||Agent's title insurance underwriter or team of underwriters