English: 16-Hour New License Auto Dealer Course
Primary Location and Supplemental Location
assessment
New Dealers
Primary Location
- Completed license renewal application form HSMV 86720. Primary Location:
- $75 annual renewal fee for the primary location. If the completed application, all required documents, and fee are not received for the primary location by April 30th, a $100 delinquent fee is due for a total renewal fee of $175. Checks must be made payable to DHSMV.
- $150 biennial license renewal fee if you are opting for a biennial (two years) renewal. Checks must be made payable to DHSMV.
- An original surety bond, original irrevocable letter of credit, or original continuation certificate in the amount of $25,000 for motor vehicle dealers, auction dealers and independent dealers. The Dealership’s Principal must sign the surety bond and Irrevocable Letter of Credit.
- Copy of proof of Garage Liability insurance which must include at a minimum, $25,000 combined single limit liability coverage including bodily injury and property damage protection and $10,000 personal injury protection or a general liability policy coupled with a business automobile policy which must include at a minimum, $25,000 combined single-limit liability coverage including bodily injury and property damage protection and $10,000 personal injury protection. Signature of the insurance agent is required on all insurance policies. Please note: Salvage Dealers are exempt from Garage Liability Insurance
- Dealer License Continuing Education course certificate of completion or a pre-licensing Dealer Training Seminar for independent dealers only.
- Copy of certification from the Division of Corporations showing current registration of the business and fictitious name(s) (on-line access at www.sunbiz.org).
Supplemental Location:
- Completed license renewal application form HSMV 86720 including current business email address.
- $50 annual renewal fee.
- $100 biennial license renewal fee if you are opting for a biennial (two years) renewal. Checks must be made payable to DHSMV.
- A copy of the surety bond, irrevocable letter of credit, or continuation certificate that was filed with the renewal of the primary lot.
- A copy of the certificate of garage liability insurance or a general liability insurance policy coupled with business automobile policy that was submitted with the primary location renewal application. This certification must include at a minimum, $25,000 combined single limit liability coverage including bodily injury and property damage protection and $10,000 personal injury protection. Copy of the certificate of garage liability insurance or general liability insurance is required and must be signed by the insurance agent.
Information Obtained from: http://www.flhsmv.gov/dmv/forms/BFO/86720.pdf
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Course
English: 16-Hour New License Auto Dealer Course
Author
Joaquin Jimenez
Instructor
