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Is there a Florida Statute that requires a title agency to have E&O insurance?

April 26, 2017agency Florida Insurance requires Statute title

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Is there a Florida Statute that requires a title agency to have E&O insurance?

1 Answer

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Yes. The title insurance agency is required to carry errors and omissions insurance in an amount acceptable to the insurer appointing the agency. The amount of coverage may not be less than $250,000 per claim with a deductible no greater than $10,000.