The 2023 Florida Statutes (including Special Session C)

Title XXXVII
INSURANCE

Chapter 635
MORTGAGE GUARANTY INSURANCE

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F.S. 635.051

635.051 Licensing and appointment of mortgage guaranty insurance agents.—

(1) Effective October 1, 2012, a person may not transact mortgage guaranty insurance unless licensed and appointed as a credit insurance agent in accordance with the applicable provisions of the insurance code. Mortgage guaranty licenses held by persons on October 1, 2012, shall be transferred to a credit insurance agent license. Persons who wish to obtain a new license identification card that reflects this change must submit the $5 fee as prescribed in s. 624.501(15).

(2) Any general lines agent licensed under chapter 626 is qualified to represent a mortgage guaranty insurer without additional licensure.

(3) The department shall charge mortgage guaranty insurance agents the same applicable license and appointment taxes and fees as charged general lines agents in s. 624.501. The department shall deposit such license and appointment taxes and fees in the same manner as provided in s. 624.523 for the deposit of license and appointment taxes and fees by general lines agents.

History.—s. 5, ch. 59-182; ss. 13, 35, ch. 69-106; s. 2, ch. 81-318; ss. 6, 11, 12, ch. 83-281; s. 41, ch. 87-226; s. 158, ch. 91-108; ss. 3, 5, ch. 93-21; s. 483, ch. 97-102; s. 53, ch. 2012-209.

F.S. 635.051 on Google Scholar

F.S. 635.051 on Casetext

Amendments to 635.051

Arrestable Offenses / Crimes under Fla. Stat. 635.051

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 635.051.

Annotations, Discussions, Cases:

Cases from cite.case.law:

FEDERAL DEPOSIT INSURANCE CORPORATION, v. VEREX ASSURANCE, INC., 645 So. 2d 427 (Fla. 1994)

. . . According to FDIC, the Florida legislature effected this incorporation in § 635.051 [] and § 635.081 . . . Fla.Stat. § 635.051 (1981), titled "Licensing of mortgage guaranty insurance agents,” provides: (1) Agents . . . previously applicable to mortgage guaranty insurers through subject matter description in sections 635.051 . . .

FEDERAL DEPOSIT INSURANCE CORPORATION, a v. VEREX ASSURANCE, INC., 3 F.3d 391 (11th Cir. 1993)

. . . According to FDIC, the Florida legislature effected this incorporation in § 635.051 and § 635.081. . . . previously applicable to mortgage guaranty insurers through subject matter description in sections 635.051 . . . Fla.Stat. i 635.051 (1981), titled "Licensing of mortgage guaranty insurance agents,” provides: (1)Agents . . .

HOME GUARANTY INSURANCE CORPORATION, a v. NUMERICA FINANCIAL SERVICES, INC. a, 835 F.2d 1354 (11th Cir. 1988)

. . . . § 635.051 (1985) (licensing provisions incorporated). . . . In addition to those provisions incorporated under Section 635.091, Fla.Stat. § 635.051 (1985) incorporates . . .