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
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.