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Digital asset business insurance in Florida

Florida’s 2026 statutes distinguish virtual-currency kiosk businesses from money transmitters whose control over a kiosk transaction makes them intermediaries. Kiosk registration, transaction limits, receipts and a narrow first-transaction fraud refund take effect March 1, 2027; an already licensed money transmitter offering kiosk services is exempt from separate kiosk registration but remains subject to kiosk operating rules. Plan the insurance submission around the named operator, wallet flow and future refund exposure. 1,2,3

What Is Digital Assets?

Digital-asset coverage may address custody, theft and business-liability risks, but a custodian’s policy may protect the custodian rather than you. If you hold or safeguard assets, verify the insured entity, wallets, key-loss protection and valuation. Read the national Digital assets guide.

Florida Requirements

RequirementDetails
Classify the kiosk and transmitter separatelyFlorida defines a virtual-currency kiosk as a terminal acting as the kiosk business’s mechanical agent, and a kiosk business as a qualified entity offering kiosk services to a Florida customer. A business able to unilaterally execute or indefinitely prevent a kiosk transaction, or otherwise meeting the money-transmitter definition, must hold a money-services business license. 1
Use the express kiosk effective dateThe new kiosk registration and operating provisions take effect March 1, 2027. An already licensed money transmitter offering kiosk services is exempt from separate kiosk registration but remains subject to specified kiosk sections. 1,2
Plan for the defined fraud refundFrom the operative date, the kiosk business must refund the full amount of the customer’s first virtual-currency transaction within 72 hours if the customer notifies both the business and an authority of fraud within 60 days and supplies evidence. 1

What to Watch for in Florida

  • Do not describe future kiosk rules as already operative

    Florida’s codified 2026 provisions state that the kiosk sections take effect March 1, 2027. A kiosk operator should prepare now, but distinguish current money-transmission licensing duties from those future kiosk registration and consumer-protection duties in its proposal. 1

  • Future customer-protection duties affect the loss model

    The new law includes daily customer limits, a receipt showing wallets and transaction hash, delivery-liability and refund-policy disclosures, and a conditioned first-transaction fraud refund. Ask whether the business can fund these obligations and how the actual policies address resulting claims; statutory duties are not insurance promises. 1

  • A kiosk registration does not replace transmitter licensing

    An entity that can unilaterally execute or indefinitely prevent a kiosk transaction, or otherwise meets Florida’s money-transmitter definition, must be licensed. A licensed transmitter that offers kiosks avoids the separate kiosk registration but still follows enumerated kiosk rules. 1,2

Who Regulates Insurance in Florida

Florida Office of Insurance Regulation

The Florida Office of Insurance Regulation licenses and regulates insurance companies and reviews rates and forms. The Department of Financial Services separately licenses insurance agents and handles consumer insurance complaints; its resource page links to both state license searches. 4,5,6

Surplus-lines tax and stamping office

Reported tax rate: 4.94% of gross premium plus a 0.03% FSLSO service fee for policies effective July 1, 2026 or later When Florida is the insured’s home state, Florida taxes the entire gross premium at 4.94%; the premium definition includes policy and similar insurance charges. The separate FSLSO service fee is 0.03% for policies effective July 1, 2026 or later. Surplus-lines policies do not receive Florida Insurance Guaranty Association protection. 7,8,9

Florida Surplus Lines Service Office

Providers With Documented State Licenses

No provider in Spot’s research documents both a state license record and this coverage line. This does not establish that providers are unlicensed. Check the regulator’s license lookup and confirm availability with a provider when requesting a quote.

Questions to Ask Before You Buy in Florida

  1. Which Florida entity owns, operates, or offers the kiosk, and which entity can execute or block the transfer?
  2. Is the service a direct kiosk exchange, a licensed transmitter’s kiosk channel, hosted custody, or a third-party platform?
  3. Have future daily limits, wallet receipts, fraud-report intake and 72-hour refund costs been included in the insurance submission?
  4. Do policy forms distinguish employee theft, external wallet compromise, customer-property loss, claims-handling error and token market decline?

Digital Assets in Florida: FAQ

When do Florida’s new virtual-currency kiosk provisions take effect? 1

The 2026 Florida Statutes note March 1, 2027 as the effective date for the new kiosk part. The regular money-transmitter requirements remain a separate question for an entity whose role meets that statutory definition. 1

Can a licensed Florida money transmitter skip kiosk registration? 1

A money transmitter licensed as a money-services business that offers kiosk services is exempt from separate kiosk-business registration. It remains subject to specified kiosk disclosures, transaction limits, receipt and refund provisions once operative. 1

Digital Assets in Other States

Other Coverage in Florida

Sources

  1. Florida Statutes 2026, Chapter 560, Money Services Businesses. Florida Senate; §§ 560.103, 560.601–.607; definition, transmitter license, kiosk registration exemption, effective note March 1, 2027, limits, receipts and refunds. Accessed 2026-09-28.
  2. Laws of Florida, Chapter 2026-178. Florida Legislature / Florida Department of State; HB 505; §§ 7–12 and section-specific effective dates for kiosk provisions. Accessed 2026-09-28.
  3. Florida HB 505 (2026), bill history. Florida Senate; Enactment and chapter-law history; general effective date January 1, 2027 subject to section-specific dates. Accessed 2026-09-28.
  4. Florida Office of Insurance Regulation. Florida Office of Insurance Regulation; Official regulator homepage; insurer regulation. Accessed 2026-09-28.
  5. Resources. Florida Office of the Insurance Consumer Advocate; State page links to DFS agent search and OIR active company search. Accessed 2026-09-28.
  6. Get Insurance Help. Florida Department of Financial Services; Insurance concern and formal complaint intake; consumer helpline. Accessed 2026-09-28.
  7. Florida Statutes § 626.932: Surplus lines tax. Florida Legislature; 4.94% tax on gross premium; home-state taxation; statutory definition of premium. Accessed 2026-09-28.
  8. FSLSO Bulletin 2026-02. Florida Surplus Lines Service Office; Service-fee rate effective July 1, 2026: 0.03%. Accessed 2026-09-28.
  9. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  10. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  11. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  12. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  13. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  14. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  15. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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