Ask Your Peers Insurance agency log in Florida

John Zeikle, J & S Insurance - Pompano Beach, FL 33073

Reputation: 300 - Total posts: 24

Hello everyone, a fellow agent told me that you have to have a written log of every policy you write in your agency, is this true?

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Randy Gordon, GIS Florida - Ft Lauderdale, FL 33323

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It is not true. Unless you are binding the risk, you do not need a binder book. Years ago the carriers allowed you to bind just by virtue of providing a binder. They no longer do this. You have to enter every account in a computer system belonging to the carrier. They give you a policy /binder number. SO they bound the risk not you.

This also has been confirmed by both FAIA(state association) and THE FDOI.

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John Zeikle, J & S Insurance - Pompano Beach, FL 33073

Reputation: 300 - Total posts: 24

Thanks Randy

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