Instructor: Jason L. Perez
Department Authorized Insurance Education Provider
| #NeverHuntAlone #TheFloridaLocal
Medicare
| Introduction Compliance Periods & Continuing Education Requirements
What’s Goody Good!
I’m Jason L. Perez, Supervising Instructor for the Central Florida Insurance School – also known as The Insurance School .com. We are a Florida Department of Financial Services Authorized Insurance Education Provider. This means if you’re looking to get your insurance license or already have a license, you’re going to need someone like me on your side.
I’ll explain in a moment.
Where are my txt savvy locals?
Raise your hands… Get the up there… Now, put them down because, you know I can’t see you. By texting lingo, I’m not talking about some weird emoji conversation involving an eggplant or goats.
Basic stuff like “HMU” – You know… *Hit Me Up! For those who need a little insight into what “Hit Me Up” means, I got you. HMU / Hit me up means “call or text me” – SMH. All these new conversational shortcuts require a little effort to get under control.
Most of you are like – “Jason, I already know this stuff.”
Duh – My point exactly! The rest of this course is just as easy to remember. We avoid textbooks and glossaries like COVID. Instead, we’ll talk about current events and identify laws by poking fun of the people who were recently arrested committing insurance crimes in Florida. The audacity of these geniuses will leave you shaking your head.
We separated this 4-Hour Law & Ethics Continuing Education class into 15 Episodes (Chapters). My “informal tone”, it’s not just for the introduction. We’re going to talk like BFF’s, while discussing the DFS and keep it simple throughout the entire course.
Now, huddle around this CE campfire.
We’re about to dive into this course after these messages from iFlash4u (.com).
GET YOUR MIND OUT OF THE GUTTER!
We have FREE Insurance Flashcards For YOU!
Basic stuff like “HMU” – You know… *Hit Me Up! For those who need a little insight into what “Hit Me Up” means, I got you. HMU / Hit me up means “call or text me” – SMH. All these new conversational shortcuts require a little effort to get under control.
Most of you are like – “Jason, I already know this stuff.”
Duh – My point exactly! The rest of this course is just as easy to remember. We avoid textbooks and glossaries like COVID. Instead, we’ll talk about current events and identify laws by poking fun of the people who were recently arrested committing insurance crimes in Florida. The audacity of these geniuses will leave you shaking your head.
We separated this 4-Hour Law & Ethics Continuing Education class into 15 Episodes (Chapters). My “informal tone”, it’s not just for the introduction. We’re going to talk like BFF’s, while discussing the DFS and keep it simple throughout the entire course.
Now, huddle around this CE campfire.
We’re about to dive into this course after these messages from iFlash4u (.com).
The Keywords and concepts highlighted in our flashcards also appear in the green boxes throughout the course. THESE ARE the tested topics.
« | Continuing Education & Compliance Period
® One CE Compliance Period is Two Years
® Newly Licensed Insurance Agents MUST complete #24–hours of Continuing Education every two (2) years.
® Newly Licensed = Less than 6–Years
#IF you’ve been licensed in good standing for six (6) consecutive years (3 Compliance Periods), the Department of Financial Services will give you a 4–Hour CE Discount. In theory, the 6-year benchmark means you learned something along the way.
Starting on our 4th Compliance Period, insurance agents are ONLY responsible for 20–hours of CE. Maybe it’s the CFO’s way of congratulating us for making it 8-Years as an agent.
– Meniachiacial laugh!
Have you noticed all the BOLDED & underlined words?
What about all my dramatic colors?
All these exaggerations are highlighting the test gems we’ve dropped for you to find. These aren’t just any type of nugget. We are talking about *DEFINITELY tested topics. If the words are all dressed up like they’re off to the prom, it’s important.
| GREEN = Insurance Flashcards 4u
iLaw
1
By: Jason L. Perez
Department Authorized Insurance Education Provider
⭐️⭐️⭐️⭐️⭐️ | The Insurance School .com
| HAPPY NEW INSURANCE YEAR UPDATE!
5-Hours of LAW CE is now ONLY 4!
Florida’s only REQUIRED Continuing Education Course *Law and Professional Ethics is now 4-HOURS instead of 5.
Ü The One-Hour Reduction in Law & Ethics continuing education change went into effect in January, 2022.
Even if you have more than one insurance license, you’re only required to satisfy ONE Required Law and Ethics course per compliance period. Non-resident agents and adjusters licensed in a reciprocal state, will not be required to complete a 4-hour course in Florida if they’ve complied with the CE requirements in their state.
Ü WHAT is a Reciprocal State
These are states which acknowledge Florida Licensees as Authorized Professionals. This means the regulatory entities of the other state “Acknowledge” Florida licensees as – Knowledgeable & Trustworthy.
Since these states will allow our licensees to communicate with their local residents, Florida returns the gesture and allows their resident licensees to conduct the business of insurance in Florida.
This reciprocal acknowledgment means non-resident agents don’t need to satisfy Florida’s Pre-Licensing or CE requirements. It’s assumed the agent will complete compliance in their home state.
Before I deep dive back into hardcore CE things, let’s discuss this informal format.
I think you like it.
Don’t ever forget, our Florida CFO DOES NOT require us to take BORING CLASSES! They just want us Insurance Education Providers to convey the facts. No laws against telling stories and acting like life in Florida is interesting.
Typically, someone says ETHICS – You immediately think EWE! NOT ME…Stupid criminals and #Floridaman memes are flashing before my eyes.
Have you heard the story about the Salti Crime Family?
VIOLATION | Tampa, Fla. – Insurance Fraud
Thursday, February 20th, 2020
Florida’s CFO, Jimmy Patronis announces the arrest of Four Suspects behind a Two Hundred & Thirty Thousand Dollar ($230,000) Insurance FraudScheme.
This story is about four brothers, Faiz, Aymen, Mohammed and Ayiha Salti. For comedic reasons, these masterminds are now known as the Salti Crime Family.
IN A NUTSHELL…
Florida’s Department of Financial Services Insurance Investigators discovered the Salti Crime Family had been staging minor traffic accidents at gas stations. They started in June of 2016 and continued until April of 2019.
The cars they were claiming to be damaged were never damaged. In the three years, the “Salti Crime Family” ran their scheme, they pocketed approximately $230,000 from the fraudulent invoices they submitted to their insurance companies.
The joke is on these Salty Banditos.
Since they never fixed any of the cars, the DFS is gonna fix them! These brothers were all arrested and booked on Racketeering and Conspiracy to Commit Racketeering charges.
How serious are these violations?
All four members of the Salti Organized Crime Family had their bail set at $1.2 million dollars each. If convicted, they each face up to 30 years in prison – OUCH.
I heard after booking, the Salti’s were heard saying… “We would have gotten away with the money (IF), It wasn’t for the Florida CFO and his meddling investigators from the DFS’s Division of Forensic & Investigative Services.”
That last part may (OR) may-not be fake news.
« Florida’s CFO Jimmy Patronis was quoted saying,
– “Fraud has reached epidemic proportions in Florida and scams like this drive-up auto rates for every driver on the road.
I’m thankful for the hard work of my fraud detectives in tracking these fraudsters down. We must continue to work together to do everything we can to uncover these fraud schemes and bring these scam artists to justice.”
CFO Press releases like this one does a nice job pointing out the types of violations the CFO and his Department of Financial Services handle. Of course, the Florida CFO isn’t personally investigating insurance crimes with the local CSI Miami crew… Or is he?
Jimmy Patronis, Florida’s Chief Financial Officer is HEAD of the Department of Financial Services – > (DFS) -> OR -> Department for short. This Department has 13 Divisions. Six of these Divisions only handle insurance industry related matters. One of these specialized sectors of the DFS is called, the Division of Investigative and Forensic Services (DIFS).
[NAIFA (26.1.1) p. 402]
Maybe our CFO is rocking his Ray Bans while hanging with his investigators.
Probably not however, to give you an idea of how important the CFO is to the business of insurance, let’s glance at the bottom of his press releases
« CFO Authority
“The Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide Elected Official and a Member of Florida’s Cabinet who oversees the Department of Financial Services.
CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state.”
*| Fraud Free Florida .com
