Florida Title Insurance Agency License Surety Bond
Florida Statutes defines a “Title Insurance Agency” as an insurance agency under which title insurance agents and other employees determine insurability in accordance with underwriting rules and standards prescribed by the title insurer they are representing, and issue and countersign commitments, endorsements, or policies of title insurance. No individual or business can act as a title insurance agency unless it possesses a title insurance agency license. In order to secure a license, Title insurance agencies must post and maintain a $35,000.00 Title Insurance Agency License Surety Bond for the benefit of any appointing insurance company financially harmed by the title insurance agencies actions.
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