Florida-approved continuing education for licensed insurance agents. Understand how unlicensed and unauthorized entities operate, how to recognize fraud, and the consequences under Florida law.
Welcome to Wall Street Instructors' Unlicensed Entities continuing education course for Florida insurance agents. This interactive self-study program has been accepted by the Florida Department of Financial Services to meet 3 credits of intermediate-level continuing education for all classes of insurance agents. FL DFS Approval #43661.
This course meets the requirements of Florida law regarding unlicensed entities. It is presented entirely online with a self-monitored final examination. Upon successful completion, Wall Street Instructors will electronically file your CE credits with the Florida Department of Financial Services and send you a certificate of completion for your records.
Insurance regulation history — Paul v. Virginia, the NAIC, McCarran-Ferguson Act, ERISA, and the Financial Services Modernization Act. How regulatory gaps create opportunities for fraud.
How unlicensed entities exploit ERISA, MEWAs, VEBAs, and PEO arrangements to market phony insurance. Warning signs and consumer tips from the Florida Department of Financial Services.
ERISA-covered plans, the 1983 ERISA amendment, MEWA definitions, state regulation authority, and the extent to which states may regulate MEWAs that are also ERISA-covered plans.
Florida's penalties for selling unauthorized insurance — third-degree felony charges, civil liability for unpaid claims, license suspension and revocation, and DFS enforcement resources.