State RegulationsFL specificDifficulty 2/5
A licensed Florida agent moves to a new home address within the state. What must the agent do?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under Chapter 626, Florida Statutes, the Department of Financial Services under the Chief Financial Officer issues and administers agent licenses, so licensees must keep their contact information current with DFS and report address changes promptly. A Florida agent's license is perpetual while appointment and continuing education requirements are maintained, so no new application is required for a move within the state.
Why the other options are wrong
- A) Florida insurance licenses are issued statewide, not by county, so moving within the state does not require a new license.
- B) The Office of Insurance Regulation regulates insurers and is not the record keeper for agent addresses.
- D) The $5 fee under Fla. Stat. 624.501(15) is for a duplicate or replacement license document, not for reporting an address change.
Memory hook
New address? Tell DFS, keep the same license.