5-Hour Law and Ethics Update – with Resource Guide references
For your convenience, this document highlights the appropriate regulatory reference from Florida’s
Regulatory Resource Guide for each of the 5-Hour Law & Ethics CE Course requirements. The
regulatory references are bolded and italicized. The Regulatory Guide’s link is provided below.
I. Regulatory Awareness
A. Jurisdiction of duties and responsibilities
i. Chief Financial Officer (CFO) - Florida Statute: Chapter 17
ii. Department of Financial Services (DFS) - Florida Statutes: 20.121, 624.302-624.352
iii. Office of Insurance Regulation (OIR) - Florida Statute: 20.121(3)(a)1
iv. Office of Financial Regulation (OFR) - Florida Statute: 20.121(3)(a)2
B. Licensing Requirements - Florida Statute: 626.631
i. Appointment – Florida Statutes: 624.501
626.181
626.2815(10) 626.371
626.381
626.431
626.451
626.461
626.471
626.8548
626.855
626. 859
626.856 6
26.8584
626.860
626.862
626.863
626.864
626.865
626.8651(7) 626.866
626.869
626.870
626.871
626.872
626.8734
626.874
626.876
Rule Chapters:
69B-211.004 69B-211.005 69B-211.007, F.A.C.
ii. Contact Information - Florida Statutes: 626.541, 626.551
iii. Insurance Agency Licensing - Florida Statutes: 626.8696, 626.8697
iv. Transfer, surrender and termination of Licensing – Florida Statutes:
626.015
626.112(7)
626.172
626.292
626.381
626.431
626.441
626.602
626.641
626.651
626.681(1)
626.681(3)
626.691
626.692
626.747
v. Grounds for compulsory/discretionary refusal, suspension, or revocation of insurance
license/agency license/appointment –
Florida Statutes:
626.2815(10)
626.431
626.611
626.621
626.631
626.641
626.651
626.681
626.691
626.692
626.8695
626.8697
626.8736
626.8737
626.8738
626.8797
Rule Chapter: 69B-231, F.A.C.
vi. Duties of licensed vs. unlicensed personnel – Florida Statutes:626.342
626.311
626.321
626.431
626.860
C. Other Requirements - Florida Statutes: 626.879 626.536 626.561
Rule Chapter: 69B-230.033, F.A.C.
i. Advertising Florida Statutes:626.112(1)(a) 626.112(3) 626.887
626.9541(1)(a)-(b), (m)-(n)
Rule Chapter: 69B-220.051(4), F.A.C.
ii. Recordkeeping - Florida Statutes: 626.561(2), 626.875
D. Department Communication
E. Guaranty Association - Florida Statute: Chapter 631
626.0428
626.8697
626.9531
II. Insurance Law and Updates
A. New Florida Law Updates
B. Pertinent Federal Law Review pertinent to Florida licensed insurance professionals
III. Ethical Requirements
A. Code of ethics DFS Rule Chapters 69B-215, 220, 221, and 230, F.A.C. –
Florida Statute: 626.878
Rule Chapters: 69B-220.201, 69B-230, F.A.C.
B. Marketing regulatory and ethical guidelines for Florida licensed insurance professionals –
Rule Chapters: 69B-220, 69B-230, F.A.C.
C. Understanding Industry Products & Suitability of Sales and Services (not required for
Adjusters and Public Adjusters)
D. Unfair Methods of Competition and Unfair or Deceptive Acts –
Florida Statutes:
626.951
626.9511
626.9521(1) 626.9541
626.9561
626.9571
626.877
626.8797
E. Understanding required premium discounts (not required for Adjusters and Public
Adjusters)
IV. Disciplinary and Industry Trends
A. Recent violations & Enforcement Actions of Florida licensed insurance professionals
B. Unauthorized Products & Entities involved in Florida commerce - Florida Statute: 626.901
C. New & other important terminology applicable to Florida licensed insurance professionals.
Form DFS-H2-2081, Effective 10/2014
Rule 69B-228.180, F.A.C.
The 5-620 Regulatory Resource Guide is available here:
http://www.myfloridacfo.com/Division/Agents/Licensure/Education/documents/5620RegulatoryResourceGuide.pdf