Florida Statute 635.051 - Full Text and Legal Analysis

The 2025 Florida Statutes

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.

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Amendments to 635.051

Annotations, Discussions, Cases:

Cases Citing Statute 635.051

Total Results: 2

Federal Deposit Insurance Corp. v. Verex Assurance, Inc.

645 So. 2d 427, 19 Fla. L. Weekly Supp. 593, 1994 Fla. LEXIS 1813

Supreme Court of Florida | Filed: Nov 17, 1994 | Docket: 64752230

Published

Florida legislature effected this incorporation in § 635.051 [FN3] and § 635.081 [FN4]. *4323 F.3d at 397-399

Home Guaranty Insurance v. Numerica Financial Services, Inc.

835 F.2d 1354

Court of Appeals for the Eleventh Circuit | Filed: Jan 19, 1988 | Docket: 66231311

Published

portions of the Insurance Code. See, e.g., Fla.Stat. § 635.051 (1985) (licensing provisions incorporated). Those