State RegulationsFL specificDifficulty 2/5
Because the Department of Financial Services sends licensing and appointment notices to the licensee's address of record, which statement is correct?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under Chapter 626, Florida Statutes, the licensee bears the responsibility of keeping the address of record current with the Department of Financial Services, and communications DFS sends to the address of record are effective even if the agent has failed to update it. Keeping contact information current is part of maintaining the license.
Why the other options are wrong
- B) The burden of updating contact information rests with the licensee, not with the Department.
- C) Ordinary notice to the address of record is the rule; hand delivery is not required.
- D) Insurers have no duty to forward DFS mail; the licensee's own update duty controls.
Memory hook
Keep your address current - DFS mail counts.