FSLSO Promotes Retail Agent Responsibilities in Surplus Lines Market
The Florida Surplus Lines Service Office (FSLSO) announces the availability of an online course as well as a DVD aimed at informing Florida retail agents of their roles and responsibilities in the surplus lines market.
Retail agents seeking continuing education credit have the opportunity to do so while learning more about surplus lines insurance through FSLSO's new online continuing education course, "The Retail Agent's Role in the Surplus Lines Market."
"Knowledge is a powerful tool," said FSLSO Executive Director, Gary Pullen, "and agents want to be informed in order to maintain their compliance with the law. By expanding our current educational offerings to include our newest course, we have the opportunity to help Florida's retail agents better understand how to access the surplus lines marketplace as an alternative for hard-to-place coverages, and inform them about their responsibilities in the placement of the surplus lines insurance coverage."
"The Retail Agent's Role in the Surplus Lines Market" has several main areas of focus, which include an overview of Florida's surplus lines marketplace and the placement of insurance through various channels of the distribution system. Retail agents will explore the responsibilities they undertake when accessing the surplus lines market including a look at applicable statutes. The course also introduces the Florida Surplus Lines Service Office as an informational resource for retail agents to learn more about surplus lines, and the products and services available to them.
To enroll in the course, students may go to www.fslso.com/education/ and select "FSLSO Retail Agent's Role in the Surplus Lines Market." Florida licensed and appointed surplus lines agents may take this course free of charge; all others are required to pay a nominal fee of $40. After enrollment into the course has been completed, students may enter and exit the program through a login and password anytime for the duration of 30 days. The course is divided into five chapters, each with a "mini-quiz" as quick review of the chapters' material.After completing all five chapters, the student is provided with a final exam in which they have two attempts to score a passing score of 70%. Upon completion of the course bearing a passing score, students are provided a certificate of completion and two hours of property and casualty continuing education credit.
In addition to the two-hour course, the FSLSO has also created a 10-minute DVD entitled "Surplus Lines Insurance for the Retail Agent" that shares information about Florida's surplus lines industry and summarizes the responsibilities of the retail agent in the placement of surplus lines insurance coverage.
"The DVD provides an overview of retail agent's responsibilities and the different resources that are available to them," commented Assistant Director, Sean Fisher. "We would like our member agents to take advantage of this new product as a way of helping their current and potential retail agents understand more about the industry, their responsibilities in being compliant with the law, and how FSLSO serves as an informational resource to assist them."
The DVD is available at no cost, and maybe ordered by visiting the FSLSO website at www.fslso.com/publications.
As the first "paperless" stamping office, the FSLSO strives to integrate the areas of technology, regulation and education in a continuous effort to better serve Florida agencies, agents, and support staff. With education and information as forerunners for course development, the FSLSO will continue to keep all its resources, references and programs updated with the latest legislative and marketplace changes.
For more information regarding the products listed above or other educational products and services, please contact FSLSO (800) 562-4496.
The FSLSO was created by the Florida Legislature as a self-regulating, not-for-profit association to protect public revenues by facilitating industry compliance and serving as a source of information and assistance concerning the surplus lines insurance marketplace in the state of Florida.