Eligibility
An Agency is generally responsible for the acts and omissions of its Producers, Designated Producers and CSRs. Accordingly, an Agency must ensure that its Producers, Designated Producers, and CSRs comply with and satisfy all duties and responsibilities arising under the FWCJUA Operations Manual, regardless of whether the Manual expressly states that the duty or responsibility is applicable to the Agency. In addition, Designated Producers must ensure that their Agencies and CSRs comply with and satisfy all duties and responsibilities arising under the Manual, regardless of whether the Manual expressly states that the duty or responsibility is applicable to a Designated Producer.
No Producer or Agency may submit Applications for Coverage to the FWCJUA or directly or indirectly receive compensation in connection with business written by the FWCJUA unless the Producer and his or her affiliated Agency jointly enter into and maintain an Agency Producer Agreement with the FWCJUA. To be eligible to become an authorized Agency and Designated Producer, the following minimum standards, plus any others established by the Board, must be met:
The Agency must maintain errors and omissions insurance in an amount not less than $500,000 per occurrence.
Each location of the Agency must be duly licensed and/or registered with the Florida Department of Financial Services, Bureau of Agent and Agency Licensing.
Each Designated Producer must be an individual licensed by the Florida Department of Financial Services as a general lines resident or nonresident insurance agent authorized to solicit, negotiate and effectuate workers' compensation insurance.
Each Designated Producer or the Agency must serve as an insurance agent or insurance agency, as the case may be, of an insurer actively writing workers' compensation and employers' liability insurance in the state of Florida, pursuant to a certificate of authority issued by the Florida Office of Insurance Regulation.
The Agency and each of its Designated Producers must enter into an Agency Producer Agreement with the FWCJUA. A copy of the Agency Producer Agreement may be found in Part Seven of the Manual. Additionally, should the Agency desire to add or delete a Designated Producer or Customer Service Representative during the term of the Agreement, an Agency Producer Agreement Addendum to Exhibit A may be completed or the Agency may terminate the existing Agreement and enter into a new two-year Agreement. A copy of the Addendum may be found in Part Seven of the Manual.
The Agency identified on the original Application for Coverage and its Designated Producer who signed the original Application for Coverage will remain as the Agency and Designated Producer of record unless a change is properly requested by the Policyholder. Please refer to the Change of Agency and/or Designated Producer procedure found in Part Four, E of the Manual.
Please refer to the Application Forms section of this website for a copy of the FWCJUA Agency Producer Agreement and Agency Producer Agreement Addendum to Exhibit A.
For more information, contact our Underwriting Department at 941-378-7400 or e-mail underwriting@fwcjua.com. |