FL H4147

Deletes the requirement that title insurance agency applicants deposit securities with a market value of at least $35,000 or post a surety bond of equal amount with the Department of Financial Services.

Removes provisions allowing the Department to remit deposit amounts or surety bond proceeds to title insurers that file properly documented claims for violations of agency contracts.

Retains requirements that applicants file applications including ownership information, business addresses, office locations, agent names, and other information the department requires to verify trustworthiness and competence.

Reorganizes application requirements from subsections into a unified numbered list format without substantive changes to those provisions.

Effective date: July 1, 2012.