Florida Senate - 2026                             CS for SB 1504
       
       
        
       By the Committee on Banking and Insurance; and Senator Calatayud
       
       
       
       
       
       597-02287-26                                          20261504c1
    1                        A bill to be entitled                      
    2         An act relating to insurance customer representative
    3         licensing qualifications; amending s. 626.7351, F.S.;
    4         revising the qualifications for applicants for a
    5         license as an insurance customer representative;
    6         creating s. 1003.4207, F.S.; requiring the Department
    7         of Education, in consultation with the Department of
    8         Financial Services, to develop a specified insurance
    9         and personal finance course no later than a specified
   10         date; providing an effective date.
   11          
   12  Be It Enacted by the Legislature of the State of Florida:
   13  
   14         Section 1. Subsection (3) of section 626.7351, Florida
   15  Statutes, is amended to read:
   16         626.7351 Qualifications for customer representative’s
   17  license.—The department shall not grant or issue a license as
   18  customer representative to any individual found by it to be
   19  untrustworthy or incompetent, or who does not meet each of the
   20  following qualifications:
   21         (3) Within 4 years preceding the date that the application
   22  for license was filed with the department, the applicant has
   23  earned the designation of Accredited Advisor in Insurance (AAI),
   24  Associate in General Insurance (AINS), or Accredited Customer
   25  Service Representative (ACSR) from the Insurance Institute of
   26  America; the designation of Certified Insurance Counselor (CIC)
   27  from the Society of Certified Insurance Service Counselors; the
   28  designation of Certified Professional Service Representative
   29  (CPSR) from the National Foundation for CPSR; the designation of
   30  Certified Insurance Service Representative (CISR) from the
   31  Society of Certified Insurance Service Representatives; the
   32  designation of Certified Insurance Representative (CIR) from
   33  All-Lines Training; the designation of Chartered Customer
   34  Service Representative (CCSR) from American Insurance College;
   35  the designation of Professional Customer Service Representative
   36  (PCSR) from the Professional Career Institute; the designation
   37  of Insurance Customer Service Representative (ICSR) from
   38  Statewide Insurance Associates LLC; the designation of
   39  Registered Customer Service Representative (RCSR) from a
   40  regionally accredited postsecondary institution in the state
   41  whose curriculum is approved by the department and includes
   42  comprehensive analysis of basic property and casualty lines of
   43  insurance and testing which demonstrates mastery of the subject;
   44  a diploma from a Florida high school in which the applicant
   45  completed the insurance and personal finance course provided in
   46  s. 1003.4207; or a degree from an accredited institution of
   47  higher learning approved by the department when the degree
   48  includes a minimum of 9 credit hours of insurance instruction,
   49  including specific instruction in the areas of property,
   50  casualty, and inland marine insurance. The department shall
   51  adopt rules establishing standards for the approval of
   52  curriculum.
   53         Section 2. Section 1003.4207, Florida Statutes, is created
   54  to read:
   55         1003.4207Insurance and personal finance course.—No later
   56  than January 1, 2027, the Department of Education, in
   57  consultation with the Department of Financial Services, shall
   58  develop a 0.5 credit course in insurance and personal finance
   59  which is available to school districts for use beginning with
   60  the 2027-2028 school year. The course must include a
   61  comprehensive analysis of basic property and casualty lines of
   62  insurance consistent with the instructional designations
   63  provided under s. 626.7351(3).
   64         Section 3. This act shall take effect January 1, 2027.