FL S1468

Creates a Division of Title Insurance within the Department of Financial Services, transferring regulatory authority from the Financial Services Commission and Office of Insurance Regulation effective October 15, 2011.

Requires title insurance agents to complete 10 hours of continuing education every 2 years in Florida-specific title insurance and escrow management, with at least 3 hours on ethics and regulatory compliance.

Establishes that each title insurance agency location must have a separate agent in charge who is either a Florida-licensed attorney in good standing with The Florida Bar or a licensed title agent.

Increases fidelity bond requirements for title insurance agencies from $50,000 to $250,000 with a deductible not exceeding 1 percent of the bond amount.

Requires title insurance agencies and insurers to maintain and submit revenue, loss, and expense data to the department by March 31 annually to assist in analyzing premium rates and industry condition.