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Get the free CHAPTER 487 INSURANCE DISTRIBUTION ACT - EUR-Lex

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LEGAL NOTICE NO THE INSURANCE ACT (Cap. 487) GUIDELINES ON EXTERNAL AUDITORS, 2018 IN EXERCISE of the powers conferred by section 3A(a), (b) and (g) of the Insurance Act, the Insurance Regulatory
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Obtain a copy of chapter 487 insurance distribution regulations.
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Who needs chapter 487 insurance distribution?

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Insurance companies that distribute insurance products in the state where chapter 487 regulations apply.
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Insurance agents and brokers who sell insurance products in the state.
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Chapter 487 insurance distribution refers to the regulatory framework in Florida that governs the distribution and sale of insurance products by licensed agents and agencies.
Licensed insurance agents and agencies operating within Florida that engage in the distribution of insurance products are required to file chapter 487.
To fill out chapter 487 insurance distribution, you need to provide details such as your license information, the types of insurance products you distribute, and any relevant transactions that occurred during the reporting period.
The purpose of chapter 487 insurance distribution is to ensure compliance with state regulations, promote transparency in insurance sales, and protect consumers by regulating the practices of insurance agents and agencies.
Information that must be reported includes agent and agency details, types of insurance sold, total premiums collected, and any claims filed during the reporting period.
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