Collateral Administration

The Collateral Administration Section safekeeps and services securities deposited by regulated entities and state agencies. The regulating office that administers the applicable Florida Statute, contract, or order determines the amount of the required deposit. Questions concerning the required amount of a deposit and release authorization should be directed to the regulating office. 

Depositing entities may deposit securities in book-entry form, certificates of deposit and cash with the Collateral Administration Section in order to meet the deposit requirements of most public authorities/governmental entities.

***Questions regarding the use of a surety bond in lieu of securities should be directed to one of the following employees in the Department of Financial Service/Office of Insurance Regulation:

  • License for Title Agent or Agency, contact Jason Fryar at 850-413-5420
  • License for DMPO (Life & Health), contact Marie Bachman at 850-413-3800
  • All other surety bond inquiries, contact John Sharp at 850-413-5526.

For additional information concerning collateral eligible for deposit please visit the Collateral Administration’s “Links” button.

Also, the Collateral Administration Section maintains collateral deposits pledged by trust companies, banks, state or federal associations that transact trust business in Florida; and by Qualified Public Depositories to secure public funds pursuant to the Florida Security for Public Deposits Act. Questions concerning the required amount of a deposit and release authorization should be directed to the Collateral Administration Section. For additional information please visit the Collateral Administration “Links” button. 

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