Insurance Licensing Update - Florida: No More VISA-Branded Payments - Supportive Insurance Services

Effective December 15, 2010, the Florida Department of Financial Services, Division of Agent and Agency Services, will no longer accept VISA-branded credit or debit cards for payment.

VISA’s regulations prevent the pass through of their processing fees to a government entity’s customers. The Department budget is not able to absorb the pass through costs.

MasterCard, Discover Card, American Express, and eCheck are still being accepted.

The insurance licensing information provided on this blog is not legal advice and the reader is advised to consult an attorney regarding application of this information in any particular situation.

This information is brought to you by Supportive Insurance Services… Licensing Experts Saving You Time and Money!

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“Deciding to oursource our licensing compliance to SIS was one of our best decisions we have made for our insurance agency. You have saved me and our growing team so much time and have improved our compliance. I would unconditionally recommend SIS to any growing insurance agency.”

Phil Nisbet, World Insurance Associates LLC

“Our company has worked with Supportive Insurance Services for several years and greatly value the support and services they provide us. Starting with our Team Leader Cindy Hawkins, they are extremely responsive, pro-active, professional and friendly. We are very happy with their overall service and support.”

John Losurdo - Officer, RHSB

“Every member of the SIS staff has 100% of the time been polite, happy to talk or email, and has gotten back to us very quickly if ever a VM or email. We could not be happier with our customer service we receive from Supportive Insurance Services. Top of the line, and well worth every penny!

David R. Smith , Sanger & Altgelt LLC

“We have been using Supportive Insurance Services for over 4 years now and are very pleased with the entire team’s professionalism. With hundreds of agency and individual licenses to manage they are an invaluable business partner to us.”

Jonathan Hageman, Dubraski & Associates Insurance Services

“It’s a pleasure doing business with Supportive Insurance Services, reliable, efficient and friendly. For over 10 years they have taken care of our license needs, transitions and/or additions, as quickly and easily as possible. Their work ethics and constant positive attitudes are second to none.”

Lynn Cutforth, LIPCA Insurance

“I could not be happier with the decision we made so long ago. Everyone at SIS is so easy to do business with and they all possess that friendly, down to earth Indiana charm.”

Terri Young, VTC Insurance Group

Insurance Licensing Update – Florida: No More VISA-Branded Payments