How do you start a title insurance company in Florida?

HOW TO FORM A FLORIDA TITLE INSURANCE AGENCY

Step 1. Create a business entity.

• Create Organizational Documents for a Sole Proprietorship, Partnership, Corporation, or Limited Liability Company

• File appropriate forms with the Federal Government/IRS, and the Florida Department of State

Step 2. Obtain a Title Agency License package from the Florida Department of Insurance: Bureau of Agent & Agency Licensing, 200 E. Gaines Street, Ground Floor, Lawson Bldg., Tallahassee, Fl. 33299. www.fldfs.com. 850 922-3137

• Complete the Department's Title Agency Insurance License Application Form Information Requested on the Form: 1.) Federal Identification Number, Name, Address, and Telephone Number of the Business Entity to be licensed. 2) Names of each majority owner, partner, officer, and/or director of the entity. 3) The location of each office of the entity and the names(s) of each office manager

• Complete Fingerprint Card � one card per insurance agent or representative

• Obtain $35,000 Surety Bond, with Power of Attorney

• Send $15.00 License Application Fees, $64.00 for each fingerprint card, and proof of surety bond, with completed License Application Form, to the: Florida Department of Insurance, Bureau of Agent and Agency Licensing, Revenue Processing Section, Post Office Box 6000, Tallahassee, FL 32314-6000

Step 3. Obtain Appointment of Licensed Title Agency from AN UNDERWRITTER (Insurer)

• Complete Insurer's Appointment Application Form

• Complete Insurer's Authorized Signatory Application Form and other required forms. NOTE: Only an attorney licensed by the Florida Bar or an individual licensed as a Title Agent by the Florida Department of Insurance may act as an Authorized Signatory for an Insurer in Florida.

• Sign, but do not date Insurer�s Agency Contract

• Send completed forms, signed contract, and copies of E & O insurance ($250,000 minimum) and Fidelity Bond or Employee Dishonesty Coverage ($50,000 minimum) to Insurer. Also required is $62.10 for the Agency and $62.10 for each Licensed Title agent. One check may be submitted.

These fees are exempt for attorneys.

Additional information that may be requested: Corporate Affidavit, Financial Statements, Escrow Account Information, Letters of Reference, Resumes of Key Employees and a 3-5 year Business Plan.

YOU WILL NEED EITHER A BUSINESS ATTORNEY OR BUSINESS CONSULTANT.

Here's more input from other WikiAnswers Contributors:

• The way I did it in Texas was go to the local comtrollers office (taxing authority) and they will guide you trough what you are looking for. Whether a sole propriatership, a llc, a llp or a corporation. in short they should have all information you are looking for.

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