FL S1694

Eliminates the requirement for title insurance agency applicants to deposit $35,000 in securities or post a surety bond with the Department of Financial Services.

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

Retains requirements that applicants file an application with the department containing information about majority owners, partners, officers, directors, business addresses, and full-time agents in charge of offices.

Takes effect July 1, 2012.